Capital Group Growth ETF (NYSEARCA:CGGR) Sets New 1-Year High – Here’s Why

Capital Group Growth ETF (NYSEARCA:CGGR)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $46.43 and last traded at $46.24, with a volume of 2370951 shares changing hands. The stock had previously closed at $46.25.

Capital Group Growth ETF Stock Down 0.0%

The firm has a market cap of $22.99 billion, a PE ratio of 30.88 and a beta of 1.17. The firm’s fifty day simple moving average is $42.70 and its two-hundred day simple moving average is $43.63.

Hedge Funds Weigh In On Capital Group Growth ETF

Large investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its position in shares of Capital Group Growth ETF by 94.6% during the fourth quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock valued at $1,195,293,000 after buying an additional 13,065,920 shares during the last quarter. LPL Financial LLC raised its position in shares of Capital Group Growth ETF by 17.7% during the fourth quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock valued at $2,019,429,000 after buying an additional 6,814,693 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of 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 valued at $489,487,000 after buying an additional 2,680,056 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Capital Group Growth ETF by 26.2% during the fourth quarter. Wells Fargo & Company MN now owns 12,423,660 shares of the company’s stock valued at $552,480,000 after buying an additional 2,580,345 shares during the last quarter. Finally, Advance Capital Management Inc. raised its position in shares of Capital Group Growth ETF by 239.5% during 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 during the last quarter.

About Capital Group Growth ETF

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.