Capital Group Growth ETF $CGGR Stake Lifted by Royal Bank of Canada

Royal Bank of Canada increased its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 30.1% in the 1st quarter, HoldingsChannel reports. The fund owned 8,428,060 shares of the company’s stock after acquiring an additional 1,952,001 shares during the period. Royal Bank of Canada’s holdings in Capital Group Growth ETF were worth $338,724,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Morgan Stanley boosted its stake in Capital Group Growth ETF by 94.6% during the 4th quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock valued at $1,195,293,000 after purchasing an additional 13,065,920 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Capital Group Growth ETF by 17.7% in the fourth quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock valued at $2,019,429,000 after buying an additional 6,814,693 shares during the period. Raymond James Financial Inc. lifted 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 valued at $489,487,000 after buying an additional 2,680,056 shares during the period. Wells Fargo & Company MN boosted its stake in Capital Group Growth ETF by 26.2% during the fourth quarter. Wells Fargo & Company MN now owns 12,423,660 shares of the company’s stock valued at $552,480,000 after buying an additional 2,580,345 shares in the last quarter. Finally, Advance Capital Management Inc. boosted its stake in Capital Group Growth ETF by 239.5% during the first quarter. Advance Capital Management Inc. now owns 2,860,148 shares of the company’s stock valued at $114,949,000 after buying an additional 2,017,650 shares in the last quarter.

Capital Group Growth ETF Stock Down 1.8%

NYSEARCA:CGGR opened at $43.79 on Thursday. The business’s 50-day moving average price is $46.23 and its 200 day moving average price is $44.41. Capital Group Growth ETF has a 52-week low of $38.55 and a 52-week high of $48.02. The firm has a market cap of $23.26 billion, a P/E ratio of 30.88 and a beta of 1.17.

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.