Capital Group Growth ETF (NYSEARCA:CGGR) Hits New 12-Month High – Here’s What Happened

Capital Group Growth ETF (NYSEARCA:CGGR)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $36.17 and last traded at $36.12, with a volume of 9169 shares changing hands. The stock had previously closed at $35.39.

Capital Group Growth ETF Stock Performance

The company has a market capitalization of $6.33 billion, a P/E ratio of 28.99 and a beta of 1.22. The firm’s fifty day moving average is $34.55 and its 200 day moving average is $33.12.

Hedge Funds Weigh In On Capital Group Growth ETF

Hedge funds have recently added to or reduced their stakes in the company. Cassady Schiller Wealth Management LLC bought a new position in shares of Capital Group Growth ETF during the third quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Capital Group Growth ETF in the third quarter worth $35,000. GAMMA Investing LLC acquired a new stake in shares of Capital Group Growth ETF in the second quarter worth $38,000. Fairscale Capital LLC acquired a new stake in shares of Capital Group Growth ETF in the second quarter worth $39,000. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of Capital Group Growth ETF in the second quarter worth $58,000.

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.