Wellington Capital Management Inc. Acquires New Shares in Capital Group Growth ETF $CGGR

Wellington Capital Management Inc. bought a new position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) during the 2nd quarter, HoldingsChannel reports. The firm bought 17,451 shares of the company’s stock, valued at approximately $709,000. Capital Group Growth ETF comprises approximately 1.0% of Wellington Capital Management Inc.’s holdings, making the stock its 25th largest holding.

Other large investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC bought a new position in shares of Capital Group Growth ETF in the second quarter worth approximately $921,000. Armor Investment Advisors LLC lifted its position in Capital Group Growth ETF by 0.6% during the second quarter. Armor Investment Advisors LLC now owns 260,313 shares of the company’s stock valued at $10,582,000 after purchasing an additional 1,491 shares during the last quarter. Lantz Financial LLC grew its stake in Capital Group Growth ETF by 2.5% in the 2nd quarter. Lantz Financial LLC now owns 95,277 shares of the company’s stock worth $3,873,000 after buying an additional 2,356 shares in the last quarter. AlphaCore Capital LLC increased its holdings in shares of Capital Group Growth ETF by 2.5% in the 2nd quarter. AlphaCore Capital LLC now owns 54,996 shares of the company’s stock worth $2,236,000 after buying an additional 1,336 shares during the last quarter. Finally, Legacy Solutions LLC increased its holdings in shares of Capital Group Growth ETF by 2.1% in the 2nd quarter. Legacy Solutions LLC now owns 158,030 shares of the company’s stock worth $6,424,000 after buying an additional 3,205 shares during the last quarter.

Capital Group Growth ETF Stock Performance

NYSEARCA CGGR opened at $44.14 on Friday. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $45.83. The company has a fifty day moving average of $44.06 and a 200-day moving average of $42.37. The company has a market capitalization of $17.68 billion, a P/E ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF 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.