Envestnet Portfolio Solutions Inc. Acquires 14,043 Shares of Capital Group Growth ETF $CGGR

Envestnet Portfolio Solutions Inc. grew its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,173 shares of the company’s stock after acquiring an additional 14,043 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Capital Group Growth ETF were worth $4,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CGGR. Raymond James Financial Inc. grew its position in shares of Capital Group Growth ETF by 31.7% during the 3rd quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock valued at $489,487,000 after acquiring an additional 2,680,056 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Capital Group Growth ETF by 15.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 12,051,258 shares of the company’s stock valued at $529,291,000 after acquiring an additional 1,605,246 shares during the period. Jones Financial Companies Lllp grew its position in shares of Capital Group Growth ETF by 30.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 5,999,008 shares of the company’s stock valued at $261,802,000 after acquiring an additional 1,407,884 shares during the period. Bank of America Corp DE grew its position in shares of Capital Group Growth ETF by 11.5% during the 3rd quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock valued at $562,219,000 after acquiring an additional 1,322,744 shares during the period. Finally, Capital Group Private Client Services Inc. grew its position in shares of Capital Group Growth ETF by 5.3% during the 3rd quarter. Capital Group Private Client Services Inc. now owns 23,440,414 shares of the company’s stock valued at $1,029,503,000 after acquiring an additional 1,178,520 shares during the period.

Capital Group Growth ETF Price Performance

Shares of CGGR stock opened at $46.07 on Friday. Capital Group Growth ETF has a 1 year low of $37.05 and a 1 year high of $46.79. The firm has a fifty day moving average price of $43.19 and a 200-day moving average price of $43.69. The company has a market cap of $22.90 billion, a price-to-earnings 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.