Saxony Capital Management LLC Increases Stock Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Saxony Capital Management LLC grew its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 12.6% during the third quarter, HoldingsChannel.com reports. The fund owned 15,783 shares of the company’s stock after buying an additional 1,762 shares during the quarter. Saxony Capital Management LLC’s holdings in Capital Group Growth ETF were worth $549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CGGR. Capital Group Private Client Services Inc. grew its holdings in Capital Group Growth ETF by 14.5% during the 1st quarter. Capital Group Private Client Services Inc. now owns 15,759,357 shares of the company’s stock valued at $504,142,000 after buying an additional 1,990,616 shares in the last quarter. LPL Financial LLC raised its holdings in Capital Group Growth ETF by 11.3% in the second quarter. LPL Financial LLC now owns 9,981,257 shares of the company’s stock worth $328,284,000 after purchasing an additional 1,016,246 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Capital Group Growth ETF by 4.0% during the third quarter. Commonwealth Equity Services LLC now owns 9,323,101 shares of the company’s stock worth $324,351,000 after acquiring an additional 359,838 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Capital Group Growth ETF by 3.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,771,174 shares of the company’s stock worth $189,814,000 after acquiring an additional 194,550 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Capital Group Growth ETF by 27.6% in the second quarter. Envestnet Asset Management Inc. now owns 5,077,593 shares of the company’s stock valued at $167,002,000 after buying an additional 1,099,783 shares during the last quarter.

Capital Group Growth ETF Trading Down 0.2 %

Capital Group Growth ETF stock opened at $35.52 on Wednesday. The firm has a market cap of $6.05 billion, a PE ratio of 28.99 and a beta of 1.22. The stock’s 50 day simple moving average is $34.05 and its two-hundred day simple moving average is $32.78. Capital Group Growth ETF has a 12 month low of $23.34 and a 12 month high of $35.69.

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.