Hartmann Taylor Wealth Management LLC Makes New $9.65 Million Investment in Capital Group Growth ETF (NYSEARCA:CGGR)

Hartmann Taylor Wealth Management LLC acquired a new position in Capital Group Growth ETF (NYSEARCA:CGGR) during the 1st quarter, HoldingsChannel reports. The fund acquired 281,622 shares of the company’s stock, valued at approximately $9,646,000. Capital Group Growth ETF comprises 8.6% of Hartmann Taylor Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position.

Other hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC bought a new stake in Capital Group Growth ETF in the fourth quarter worth about $25,000. Golden State Wealth Management LLC bought a new stake in shares of Capital Group Growth ETF in the first quarter valued at approximately $30,000. Whipplewood Advisors LLC bought a new stake in shares of Capital Group Growth ETF in the fourth quarter valued at approximately $33,000. Capital A Wealth Management LLC bought a new stake in shares of Capital Group Growth ETF in the fourth quarter valued at approximately $34,000. Finally, Larson Financial Group LLC bought a new stake in shares of Capital Group Growth ETF in the fourth quarter valued at approximately $38,000.

Capital Group Growth ETF Stock Up 0.7%

NYSEARCA CGGR opened at $40.45 on Friday. The company’s 50 day moving average is $37.44 and its 200-day moving average is $37.01. Capital Group Growth ETF has a 12-month low of $29.23 and a 12-month high of $40.55. The firm has a market cap of $13.33 billion, a P/E ratio of 30.88 and a beta of 1.18.

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.