Capital Group Growth ETF (NYSEARCA:CGGR) is Financial Council LLC’s 2nd Largest Position

Financial Council LLC raised its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 4.0% in the first quarter, Holdings Channel reports. The institutional investor owned 396,341 shares of the company’s stock after buying an additional 15,357 shares during the quarter. Capital Group Growth ETF accounts for about 7.5% of Financial Council LLC’s holdings, making the stock its 2nd biggest position. Financial Council LLC’s holdings in Capital Group Growth ETF were worth $12,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of CGGR. Northwest Capital Management Inc purchased a new position in shares of Capital Group Growth ETF in the fourth quarter worth $32,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Capital Group Growth ETF in the fourth quarter worth $33,000. Transcendent Capital Group LLC bought a new stake in shares of Capital Group Growth ETF in the fourth quarter worth $33,000. Winch Advisory Services LLC grew its holdings in shares of Capital Group Growth ETF by 218.7% in the fourth quarter. Winch Advisory Services LLC now owns 1,463 shares of the company’s stock worth $41,000 after acquiring an additional 1,004 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Capital Group Growth ETF by 146.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,282 shares of the company’s stock worth $41,000 after acquiring an additional 762 shares during the period.

Capital Group Growth ETF Price Performance

Shares of CGGR traded down $0.40 during trading hours on Thursday, hitting $33.62. The stock had a trading volume of 1,339,540 shares, compared to its average volume of 1,217,298. Capital Group Growth ETF has a 12 month low of $23.34 and a 12 month high of $34.08. The firm has a market capitalization of $5.72 billion, a PE ratio of 28.99 and a beta of 1.22. The stock has a fifty day moving average price of $32.39 and a 200 day moving average price of $30.98.

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.