Capital Group Growth ETF (NYSEARCA:CGGR) Shares Purchased by McCarthy Asset Management Inc.

McCarthy Asset Management Inc. lifted its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 20.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 18,655 shares of the company’s stock after acquiring an additional 3,202 shares during the period. Capital Group Growth ETF comprises about 0.5% of McCarthy Asset Management Inc.’s holdings, making the stock its 16th biggest position. McCarthy Asset Management Inc.’s holdings in Capital Group Growth ETF were worth $693,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Park Avenue Securities LLC raised its holdings in shares of Capital Group Growth ETF by 15.1% in the fourth quarter. Park Avenue Securities LLC now owns 19,905 shares of the company’s stock worth $740,000 after buying an additional 2,610 shares during the last quarter. Harbor Investment Advisory LLC acquired a new position in shares of Capital Group Growth ETF in the 4th quarter valued at $80,000. Koshinski Asset Management Inc. increased its position in shares of Capital Group Growth ETF by 9.6% in the 4th quarter. Koshinski Asset Management Inc. now owns 110,315 shares of the company’s stock valued at $4,100,000 after acquiring an additional 9,662 shares during the period. Tudor Financial Inc. raised its stake in Capital Group Growth ETF by 31.0% in the 4th quarter. Tudor Financial Inc. now owns 8,113 shares of the company’s stock worth $302,000 after acquiring an additional 1,918 shares during the last quarter. Finally, Signature Resources Capital Management LLC lifted its position in Capital Group Growth ETF by 4.6% during the 4th quarter. Signature Resources Capital Management LLC now owns 56,622 shares of the company’s stock worth $2,105,000 after acquiring an additional 2,500 shares during the period.

Capital Group Growth ETF Stock Performance

Capital Group Growth ETF stock opened at $38.21 on Wednesday. The business’s 50-day simple moving average is $34.62 and its two-hundred day simple moving average is $36.74. The company has a market cap of $11.95 billion, a PE ratio of 29.42 and a beta of 1.16. Capital Group Growth ETF has a fifty-two week low of $29.23 and a fifty-two week high of $39.96.

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.