Capital Group Growth ETF (NYSEARCA:CGGR) Sets New 52-Week High – Here’s Why

Capital Group Growth ETF (NYSEARCA:CGGR) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $37.76 and last traded at $37.72, with a volume of 95553 shares changing hands. The stock had previously closed at $37.62.

Capital Group Growth ETF Price Performance

The company has a market cap of $6.37 billion, a PE ratio of 28.99 and a beta of 1.22. The stock has a fifty day moving average price of $34.90 and a 200-day moving average price of $33.33.

Institutional Trading of Capital Group Growth ETF

Hedge funds have recently made changes to their positions in the stock. Cassady Schiller Wealth Management LLC purchased a new stake in shares of Capital Group Growth ETF during the third quarter worth $25,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Capital Group Growth ETF during the 3rd quarter worth about $35,000. GAMMA Investing LLC acquired a new stake in shares of Capital Group Growth ETF during the 2nd quarter valued at about $38,000. Fairscale Capital LLC bought a new stake in shares of Capital Group Growth ETF in the 2nd quarter valued at approximately $39,000. Finally, Hershey Financial Advisers LLC acquired a new position in Capital Group Growth ETF in the second quarter worth approximately $58,000.

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.