Capital Group Growth ETF $CGGR is Summit Investment Advisory Services LLC’s 2nd Largest Position

Summit Investment Advisory Services LLC boosted its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 8.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 930,119 shares of the company’s stock after purchasing an additional 70,911 shares during the period. Capital Group Growth ETF comprises approximately 13.9% of Summit Investment Advisory Services LLC’s portfolio, making the stock its 2nd largest position. Summit Investment Advisory Services LLC’s holdings in Capital Group Growth ETF were worth $37,381,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGGR. Goldman Sachs Group Inc. grew its stake in shares of Capital Group Growth ETF by 174.1% in the first quarter. Goldman Sachs Group Inc. now owns 319,824 shares of the company’s stock valued at $10,954,000 after buying an additional 203,151 shares in the last quarter. First Trust Advisors LP acquired a new position in Capital Group Growth ETF during the 2nd quarter worth about $211,000. Cerity Partners LLC lifted its stake in Capital Group Growth ETF by 176.7% during the 2nd quarter. Cerity Partners LLC now owns 66,761 shares of the company’s stock worth $2,715,000 after acquiring an additional 42,631 shares in the last quarter. Sei Investments Co. boosted its holdings in Capital Group Growth ETF by 19.5% during the 2nd quarter. Sei Investments Co. now owns 1,163,011 shares of the company’s stock valued at $47,277,000 after acquiring an additional 189,933 shares during the period. Finally, Diversify Wealth Management LLC purchased a new position in Capital Group Growth ETF during the 2nd quarter valued at about $320,000.

Capital Group Growth ETF Price Performance

NYSEARCA CGGR opened at $47.20 on Wednesday. The company has a market cap of $23.46 billion, a P/E ratio of 30.88 and a beta of 1.17. The stock has a 50-day moving average of $45.97 and a two-hundred day moving average of $44.23. Capital Group Growth ETF has a 1-year low of $38.55 and a 1-year high of $48.02.

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.