Capital Group Growth ETF $CGGR Stock Position Boosted by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. grew its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 34.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 133,793 shares of the company’s stock after buying an additional 33,935 shares during the quarter. Capital Group Growth ETF makes up about 4.4% of M.E. Allison & CO. Inc.’s portfolio, making the stock its largest holding. M.E. Allison & CO. Inc.’s holdings in Capital Group Growth ETF were worth $5,439,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Professional Financial Advisors LLC lifted its position in Capital Group Growth ETF by 0.9% during the second quarter. Professional Financial Advisors LLC now owns 31,051 shares of the company’s stock worth $1,262,000 after buying an additional 272 shares in the last quarter. Lodestone Wealth Management LLC lifted its position in Capital Group Growth ETF by 1.3% during the first quarter. Lodestone Wealth Management LLC now owns 25,235 shares of the company’s stock worth $864,000 after buying an additional 312 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in Capital Group Growth ETF by 0.7% during the first quarter. OneDigital Investment Advisors LLC now owns 45,344 shares of the company’s stock worth $1,553,000 after buying an additional 314 shares in the last quarter. Trilogy Capital Inc. lifted its position in Capital Group Growth ETF by 2.8% during the second quarter. Trilogy Capital Inc. now owns 13,428 shares of the company’s stock worth $546,000 after buying an additional 367 shares in the last quarter. Finally, Betterment LLC lifted its position in Capital Group Growth ETF by 4.8% during the first quarter. Betterment LLC now owns 8,862 shares of the company’s stock worth $304,000 after buying an additional 403 shares in the last quarter.

Capital Group Growth ETF Stock Performance

Shares of Capital Group Growth ETF stock opened at $43.04 on Monday. Capital Group Growth ETF has a one year low of $29.23 and a one year high of $44.71. The company has a market cap of $16.44 billion, a price-to-earnings ratio of 30.88 and a beta of 1.09. The business’s 50 day moving average price is $43.04 and its 200 day moving average price is $39.46.

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.