Kerntke Otto McGlone Wealth Management Group Takes $248,000 Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Kerntke Otto McGlone Wealth Management Group purchased a new position in Capital Group Growth ETF (NYSEARCA:CGGR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,788 shares of the company’s stock, valued at approximately $248,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Northwest Capital Management Inc bought a new position in shares of Capital Group Growth ETF during the 4th quarter worth $32,000. Tennessee Valley Asset Management Partners bought a new position in Capital Group Growth ETF during the 4th quarter worth about $33,000. Winch Advisory Services LLC increased its position in Capital Group Growth ETF by 218.7% during the 4th quarter. Winch Advisory Services LLC now owns 1,463 shares of the company’s stock valued at $41,000 after purchasing an additional 1,004 shares during the period. Pinnacle Bancorp Inc. raised its holdings in shares of Capital Group Growth ETF by 150.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 1,500 shares of the company’s stock valued at $42,000 after purchasing an additional 900 shares in the last quarter. Finally, First Horizon Advisors Inc. bought a new stake in shares of Capital Group Growth ETF in the 3rd quarter valued at about $46,000.

Capital Group Growth ETF Stock Up 1.1 %

Shares of NYSEARCA CGGR traded up $0.35 during midday trading on Friday, reaching $30.90. 1,601,850 shares of the company’s stock traded hands, compared to its average volume of 1,283,323. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a one year low of $22.14 and a one year high of $32.35. The stock’s 50 day simple moving average is $31.31 and its 200-day simple moving average is $28.77.

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.