Cullen Frost Bankers Inc. Increases Stock Position in Capital Group Growth ETF $CGGR

Cullen Frost Bankers Inc. grew its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 34.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 112,894 shares of the company’s stock after acquiring an additional 29,237 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Capital Group Growth ETF were worth $5,020,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CGGR. Raymond James Financial Inc. boosted its holdings in shares of Capital Group Growth ETF by 31.7% in the third quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock worth $489,487,000 after buying an additional 2,680,056 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Capital Group Growth ETF by 15.4% in the third quarter. Envestnet Asset Management Inc. now owns 12,051,258 shares of the company’s stock worth $529,291,000 after buying an additional 1,605,246 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Capital Group Growth ETF by 30.7% in the third quarter. Jones Financial Companies Lllp now owns 5,999,008 shares of the company’s stock worth $261,802,000 after buying an additional 1,407,884 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Capital Group Growth ETF by 11.5% in the third quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock worth $562,219,000 after buying an additional 1,322,744 shares during the last quarter. Finally, Capital Group Private Client Services Inc. boosted its holdings in shares of Capital Group Growth ETF by 5.3% in the third quarter. Capital Group Private Client Services Inc. now owns 23,440,414 shares of the company’s stock worth $1,029,503,000 after buying an additional 1,178,520 shares during the last quarter.

Capital Group Growth ETF Trading Up 1.6%

CGGR opened at $45.95 on Thursday. The company has a market cap of $22.84 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The company’s 50 day moving average is $43.13 and its 200 day moving average is $43.68. Capital Group Growth ETF has a 12-month low of $37.05 and a 12-month high of $46.79.

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.