Capital Group Growth ETF $CGGR Position Raised by Financial Council LLC

Financial Council LLC grew its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 432,606 shares of the company’s stock after purchasing an additional 4,879 shares during the period. Capital Group Growth ETF comprises approximately 8.5% of Financial Council LLC’s investment portfolio, making the stock its 2nd largest holding. Financial Council LLC owned 0.12% of Capital Group Growth ETF worth $17,585,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CGGR. LPL Financial LLC boosted its position in Capital Group Growth ETF by 36.1% in the 1st quarter. LPL Financial LLC now owns 22,834,860 shares of the company’s stock worth $782,094,000 after purchasing an additional 6,059,534 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Capital Group Growth ETF by 13.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 11,677,554 shares of the company’s stock worth $399,956,000 after purchasing an additional 1,415,798 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Capital Group Growth ETF by 17.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 8,099,224 shares of the company’s stock worth $277,398,000 after purchasing an additional 1,175,119 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Capital Group Growth ETF by 14.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 9,074,492 shares of the company’s stock worth $310,801,000 after purchasing an additional 1,166,451 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Capital Group Growth ETF by 49.3% in the 1st quarter. Jones Financial Companies Lllp now owns 3,322,912 shares of the company’s stock worth $113,975,000 after purchasing an additional 1,097,272 shares in the last quarter.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA:CGGR opened at $44.24 on Friday. Capital Group Growth ETF has a 1 year low of $29.23 and a 1 year high of $44.71. The firm has a market capitalization of $16.82 billion, a price-to-earnings ratio of 30.88 and a beta of 1.09. The business’s 50 day moving average price is $42.78 and its 200-day moving average price is $39.11.

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.