Capital Group Growth ETF $CGGR Holdings Reduced by Main Line Retirement Advisors LLC

Main Line Retirement Advisors LLC cut its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 13.0% during the fourth quarter, Holdings Channel reports. The firm owned 382,257 shares of the company’s stock after selling 57,116 shares during the quarter. Capital Group Growth ETF makes up 8.0% of Main Line Retirement Advisors LLC’s portfolio, making the stock its 5th biggest holding. Main Line Retirement Advisors LLC’s holdings in Capital Group Growth ETF were worth $16,999,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Melone Private Wealth LLC bought a new stake in Capital Group Growth ETF in the 3rd quarter worth approximately $637,000. WESPAC Advisors LLC bought a new position in shares of Capital Group Growth ETF during the 3rd quarter valued at approximately $545,000. Ergawealth Advisors Inc. increased its position in shares of Capital Group Growth ETF by 5.1% during the 3rd quarter. Ergawealth Advisors Inc. now owns 668,167 shares of the company’s stock valued at $29,346,000 after purchasing an additional 32,438 shares during the last quarter. DAVENPORT & Co LLC increased its position in shares of Capital Group Growth ETF by 16.7% during the 3rd quarter. DAVENPORT & Co LLC now owns 443,697 shares of the company’s stock valued at $19,487,000 after purchasing an additional 63,418 shares during the last quarter. Finally, Founders Financial Alliance LLC increased its position in shares of Capital Group Growth ETF by 1,656.5% during the 3rd quarter. Founders Financial Alliance LLC now owns 116,142 shares of the company’s stock valued at $5,101,000 after purchasing an additional 109,530 shares during the last quarter.

Capital Group Growth ETF Stock Performance

NYSEARCA CGGR opened at $40.59 on Tuesday. The company has a market cap of $19.66 billion, a P/E ratio of 30.88 and a beta of 1.17. The business’s 50 day moving average price is $42.38 and its 200-day moving average price is $43.63. Capital Group Growth ETF has a fifty-two week low of $29.23 and a fifty-two week high of $45.83.

Capital Group Growth ETF Company 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.