Johnson Bixby & Associates LLC Acquires 471,228 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

Johnson Bixby & Associates LLC increased its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 56.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,300,674 shares of the company’s stock after buying an additional 471,228 shares during the quarter. Capital Group Growth ETF comprises approximately 6.7% of Johnson Bixby & Associates LLC’s portfolio, making the stock its 4th largest holding. Johnson Bixby & Associates LLC’s holdings in Capital Group Growth ETF were worth $44,548,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Capital Group Private Client Services Inc. grew its stake in shares of Capital Group Growth ETF by 3.7% in the 4th quarter. Capital Group Private Client Services Inc. now owns 20,095,652 shares of the company’s stock valued at $746,955,000 after purchasing an additional 714,941 shares during the period. LPL Financial LLC boosted its stake in Capital Group Growth ETF by 34.9% in the 4th quarter. LPL Financial LLC now owns 16,775,326 shares of the company’s stock valued at $623,539,000 after buying an additional 4,337,156 shares in the last quarter. Bank of America Corp DE boosted its stake in Capital Group Growth ETF by 2.6% in the 4th quarter. Bank of America Corp DE now owns 10,359,956 shares of the company’s stock valued at $385,080,000 after buying an additional 263,848 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Capital Group Growth ETF by 10.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,261,756 shares of the company’s stock valued at $381,429,000 after acquiring an additional 938,655 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Capital Group Growth ETF during the fourth quarter worth $257,888,000.

Capital Group Growth ETF Stock Performance

Shares of NYSEARCA CGGR opened at $38.66 on Monday. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $39.96. The business has a fifty day moving average of $36.74 and a two-hundred day moving average of $36.95. The stock has a market cap of $12.40 billion, a PE ratio of 30.36 and a beta of 1.18.

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.