Iams Wealth Management LLC Invests $512,000 in Capital Group Growth ETF (NYSEARCA:CGGR)

Iams Wealth Management LLC purchased a new position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,774 shares of the company’s stock, valued at approximately $512,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in Capital Group Growth ETF by 24.6% in the third quarter. LPL Financial LLC now owns 12,438,170 shares of the company’s stock valued at $432,724,000 after acquiring an additional 2,456,913 shares during the last quarter. Commonwealth Equity Services LLC raised its position 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 purchasing an additional 359,838 shares during the period. Raymond James & Associates raised its position in shares of Capital Group Growth ETF by 15.3% during the third quarter. Raymond James & Associates now owns 3,895,362 shares of the company’s stock worth $135,520,000 after purchasing an additional 517,412 shares during the period. Cetera Investment Advisers raised its position in shares of Capital Group Growth ETF by 23.1% during the second quarter. Cetera Investment Advisers now owns 3,153,822 shares of the company’s stock worth $103,729,000 after purchasing an additional 591,968 shares during the period. Finally, Signature Estate & Investment Advisors LLC grew its holdings in Capital Group Growth ETF by 24.7% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,957,191 shares of the company’s stock worth $102,881,000 after buying an additional 586,545 shares in the last quarter.

Capital Group Growth ETF Trading Down 0.2 %

Shares of Capital Group Growth ETF stock opened at $39.10 on Wednesday. The company has a market capitalization of $6.65 billion, a P/E ratio of 28.99 and a beta of 1.22. The stock has a fifty day simple moving average of $38.12 and a 200 day simple moving average of $35.52. Capital Group Growth ETF has a 12-month low of $28.78 and a 12-month high of $39.71.

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.