Pines Wealth Management LLC Takes $900,000 Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Pines Wealth Management LLC purchased a new position in Capital Group Growth ETF (NYSEARCA:CGGR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,082 shares of the company’s stock, valued at approximately $900,000.

Several other large investors have also added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC grew its holdings in shares of Capital Group Growth ETF by 0.9% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 32,782 shares of the company’s stock worth $1,140,000 after acquiring an additional 301 shares during the period. Professional Financial Advisors LLC boosted its position in shares of Capital Group Growth ETF by 1.0% during the fourth quarter. Professional Financial Advisors LLC now owns 31,361 shares of the company’s stock valued at $1,166,000 after purchasing an additional 304 shares in the last quarter. Signet Financial Management LLC grew its stake in Capital Group Growth ETF by 0.3% in the fourth quarter. Signet Financial Management LLC now owns 117,769 shares of the company’s stock worth $4,377,000 after purchasing an additional 382 shares during the period. CreativeOne Wealth LLC raised its holdings in Capital Group Growth ETF by 7.1% in the third quarter. CreativeOne Wealth LLC now owns 6,889 shares of the company’s stock worth $240,000 after purchasing an additional 458 shares in the last quarter. Finally, Bill Few Associates Inc. lifted its position in Capital Group Growth ETF by 2.6% during the third quarter. Bill Few Associates Inc. now owns 18,365 shares of the company’s stock valued at $639,000 after buying an additional 470 shares during the period.

Capital Group Growth ETF Trading Down 0.3 %

Shares of CGGR stock opened at $37.21 on Wednesday. The company’s fifty day moving average price is $37.72 and its 200-day moving average price is $35.12. The stock has a market cap of $6.33 billion, a PE ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a 12 month low of $27.77 and a 12 month high of $39.36.

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.