Merit Financial Group LLC Has $91.13 Million Stake in Capital Group Growth ETF $CGGR

Merit Financial Group LLC increased its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,930,813 shares of the company’s stock after buying an additional 20,242 shares during the quarter. Capital Group Growth ETF comprises approximately 0.6% of Merit Financial Group LLC’s investment portfolio, making the stock its 27th biggest position. Merit Financial Group LLC’s holdings in Capital Group Growth ETF were worth $91,134,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oxinas Partners LLC increased its holdings in Capital Group Growth ETF by 761.6% in the 4th quarter. Oxinas Partners LLC now owns 82,334 shares of the company’s stock valued at $3,661,000 after buying an additional 72,778 shares during the period. CWM LLC lifted its holdings in shares of Capital Group Growth ETF by 3.1% during the 4th quarter. CWM LLC now owns 2,255,337 shares of the company’s stock worth $100,295,000 after acquiring an additional 68,448 shares during the period. Cornerstone Wealth Management LLC boosted its position in shares of Capital Group Growth ETF by 69.9% during the 4th quarter. Cornerstone Wealth Management LLC now owns 62,020 shares of the company’s stock worth $2,758,000 after acquiring an additional 25,522 shares in the last quarter. Assetmark Inc. increased its stake in Capital Group Growth ETF by 51.5% in the fourth quarter. Assetmark Inc. now owns 556,817 shares of the company’s stock valued at $24,762,000 after acquiring an additional 189,316 shares during the last quarter. Finally, PKS Advisory Services LLC raised its position in Capital Group Growth ETF by 30.3% during the fourth quarter. PKS Advisory Services LLC now owns 77,100 shares of the company’s stock valued at $3,429,000 after purchasing an additional 17,943 shares in the last quarter.

Capital Group Growth ETF Stock Performance

Shares of CGGR stock opened at $47.49 on Friday. The stock’s fifty day moving average price is $46.10 and its two-hundred day moving average price is $44.53. The company has a market cap of $25.55 billion, a PE ratio of 30.88 and a beta of 1.18. Capital Group Growth ETF has a fifty-two week low of $38.55 and a fifty-two week high of $48.02.

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.