Bellevue Asset Management LLC Decreases Stock Position in Capital Group Growth ETF $CGGR

Bellevue Asset Management LLC lessened its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 261,199 shares of the company’s stock after selling 1,490 shares during the period. Capital Group Growth ETF comprises 5.2% of Bellevue Asset Management LLC’s holdings, making the stock its 3rd biggest holding. Bellevue Asset Management LLC’s holdings in Capital Group Growth ETF were worth $10,618,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Capital Group Growth ETF in the first quarter valued at about $30,000. Rossby Financial LCC acquired a new position in shares of Capital Group Growth ETF in the first quarter worth approximately $31,000. CX Institutional acquired a new position in Capital Group Growth ETF in the first quarter valued at approximately $48,000. Trust Co. of Vermont acquired a new position in Capital Group Growth ETF in the second quarter valued at approximately $51,000. Finally, Chilton Capital Management LLC acquired a new position in Capital Group Growth ETF in the first quarter valued at approximately $53,000.

Capital Group Growth ETF Stock Performance

Shares of CGGR opened at $44.18 on Wednesday. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $44.71. The business’s 50 day moving average price is $42.89 and its two-hundred day moving average price is $39.26. The firm has a market cap of $16.79 billion, a PE ratio of 30.88 and a beta of 1.09.

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.