Capital Group Growth ETF $CGGR Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 6.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,136,612 shares of the company’s stock after acquiring an additional 761,802 shares during the period. Northwestern Mutual Wealth Management Co. owned about 2.74% of Capital Group Growth ETF worth $539,715,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CGGR. Raymond James Financial Inc. raised its position in Capital Group Growth ETF by 31.7% during the third quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock worth $489,487,000 after acquiring an additional 2,680,056 shares during the period. Envestnet Asset Management Inc. raised its position in Capital Group Growth ETF by 15.4% during the third quarter. Envestnet Asset Management Inc. now owns 12,051,258 shares of the company’s stock worth $529,291,000 after acquiring an additional 1,605,246 shares during the period. Jones Financial Companies Lllp raised its position in Capital Group Growth ETF by 30.7% during the third quarter. Jones Financial Companies Lllp now owns 5,999,008 shares of the company’s stock worth $261,802,000 after acquiring an additional 1,407,884 shares during the period. Bank of America Corp DE raised its position in Capital Group Growth ETF by 11.5% during the third quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock worth $562,219,000 after acquiring an additional 1,322,744 shares during the period. Finally, Capital Group Private Client Services Inc. raised its holdings in shares of Capital Group Growth ETF by 5.3% during the third quarter. Capital Group Private Client Services Inc. now owns 23,440,414 shares of the company’s stock valued at $1,029,503,000 after acquiring an additional 1,178,520 shares during the last quarter.

Capital Group Growth ETF Price Performance

Shares of Capital Group Growth ETF stock opened at $47.55 on Friday. The business has a 50 day simple moving average of $43.65 and a two-hundred day simple moving average of $43.78. Capital Group Growth ETF has a 12 month low of $37.64 and a 12 month high of $47.62. The stock has a market capitalization of $23.64 billion, a P/E ratio of 30.88 and a beta of 1.17.

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.