Capital Group Growth ETF (NYSEARCA:CGGR) Reaches New 12-Month High – What’s Next?

Shares of Capital Group Growth ETF (NYSEARCA:CGGR) hit a new 52-week high during trading on Monday . The stock traded as high as $37.83 and last traded at $37.79, with a volume of 166258 shares trading hands. The stock had previously closed at $37.48.

Capital Group Growth ETF Trading Up 0.1 %

The company has a 50 day moving average of $35.50 and a 200 day moving average of $33.65. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22.

Hedge Funds Weigh In On Capital Group Growth ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC boosted its stake 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 worth $432,724,000 after purchasing an additional 2,456,913 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Capital Group Growth ETF by 4.0% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Capital Group Growth ETF by 3.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,771,174 shares of the company’s stock worth $189,814,000 after purchasing an additional 194,550 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake 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 worth $167,002,000 after purchasing an additional 1,099,783 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in Capital Group Growth ETF by 15.3% in 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 in the last quarter.

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.