Geneos Wealth Management Inc. Has $22.17 Million Stake in Capital Group Growth ETF (NYSEARCA:CGGR)

Geneos Wealth Management Inc. reduced its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 596,418 shares of the company’s stock after selling 44,966 shares during the period. Capital Group Growth ETF accounts for approximately 0.8% of Geneos Wealth Management Inc.’s investment portfolio, making the stock its 21st biggest position. Geneos Wealth Management Inc. owned approximately 0.35% of Capital Group Growth ETF worth $22,169,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV lifted its stake in shares of Capital Group Growth ETF by 11.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 14,923 shares of the company’s stock worth $491,000 after acquiring an additional 1,515 shares during the period. Creative Planning lifted its position in shares of Capital Group Growth ETF by 25.5% in the 2nd quarter. Creative Planning now owns 21,858 shares of the company’s stock worth $719,000 after purchasing an additional 4,435 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Capital Group Growth ETF by 3.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,771,174 shares of the company’s stock valued at $189,814,000 after purchasing an additional 194,550 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Capital Group Growth ETF by 32.6% during the second quarter. NewEdge Advisors LLC now owns 967,138 shares of the company’s stock worth $31,809,000 after buying an additional 237,601 shares during the period. Finally, Sunbelt Securities Inc. raised its stake in Capital Group Growth ETF by 13.1% during the second quarter. Sunbelt Securities Inc. now owns 104,183 shares of the company’s stock worth $3,427,000 after buying an additional 12,070 shares during the last quarter.

Capital Group Growth ETF Stock Down 0.3 %

CGGR stock opened at $39.50 on Friday. The company’s fifty day simple moving average is $38.04 and its 200 day simple moving average is $35.42. Capital Group Growth ETF has a 12-month low of $28.78 and a 12-month high of $39.71. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22.

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.