Capital Group Growth ETF $CGGR Stock: Quantum Financial Partners LLC Lowers Position

Quantum Financial Partners LLC lowered its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 8.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 227,460 shares of the company’s stock after selling 20,189 shares during the period. Capital Group Growth ETF makes up approximately 5.6% of Quantum Financial Partners LLC’s portfolio, making the stock its biggest holding. Quantum Financial Partners LLC’s holdings in Capital Group Growth ETF were worth $10,788,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Bank of America Corp DE increased its position in Capital Group Growth ETF by 10.3% during the 1st quarter. Bank of America Corp DE now owns 14,193,836 shares of the company’s stock worth $570,450,000 after purchasing an additional 1,320,686 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Capital Group Growth ETF by 19.4% in the 1st quarter. Cetera Investment Advisers now owns 9,800,927 shares of the company’s stock valued at $393,899,000 after buying an additional 1,593,112 shares during the period. Royal Bank of Canada lifted its holdings in shares of Capital Group Growth ETF by 30.1% in the 1st quarter. Royal Bank of Canada now owns 8,428,060 shares of the company’s stock valued at $338,724,000 after buying an additional 1,952,001 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of Capital Group Growth ETF by 17.3% in the first quarter. Kestra Advisory Services LLC now owns 3,021,423 shares of the company’s stock valued at $121,431,000 after buying an additional 445,273 shares in the last quarter. Finally, Advance Capital Management Inc. boosted its stake in shares of Capital Group Growth ETF by 239.5% in the first quarter. Advance Capital Management Inc. now owns 2,860,148 shares of the company’s stock valued at $114,949,000 after buying an additional 2,017,650 shares in the last quarter.

Capital Group Growth ETF Stock Up 0.7%

CGGR stock traded up $0.33 on Monday, reaching $46.98. 1,033,014 shares of the company’s stock were exchanged, compared to its average volume of 3,056,580. The stock has a fifty day moving average of $47.26 and a 200-day moving average of $46.03. Capital Group Growth ETF has a twelve month low of $38.55 and a twelve month high of $48.69. The firm has a market cap of $26.00 billion, a PE ratio of 30.88 and a beta of 1.18.

Capital Group Growth ETF Profile

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.