M.E. Allison & CO. Inc. Boosts Position in Capital Group Growth ETF $CGGR

M.E. Allison & CO. Inc. boosted its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 7.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,590 shares of the company’s stock after purchasing an additional 12,610 shares during the period. Capital Group Growth ETF comprises 4.9% of M.E. Allison & CO. Inc.’s investment portfolio, making the stock its largest position. M.E. Allison & CO. Inc.’s holdings in Capital Group Growth ETF were worth $8,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Martin Capital Partners LLC purchased a new stake in shares of Capital Group Growth ETF during the second quarter valued at approximately $207,000. GAMMA Investing LLC raised its holdings in Capital Group Growth ETF by 352.3% during the 2nd quarter. GAMMA Investing LLC now owns 5,161 shares of the company’s stock valued at $244,000 after buying an additional 4,020 shares during the last quarter. Harbor Investment Advisory LLC raised its holdings in Capital Group Growth ETF by 17.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 36,683 shares of the company’s stock valued at $1,731,000 after buying an additional 5,329 shares during the last quarter. Legacy Solutions LLC raised its holdings in Capital Group Growth ETF by 5.0% during the 2nd quarter. Legacy Solutions LLC now owns 170,451 shares of the company’s stock valued at $8,045,000 after buying an additional 8,054 shares during the last quarter. Finally, CGN Advisors LLC boosted its position in Capital Group Growth ETF by 1.6% during the 2nd quarter. CGN Advisors LLC now owns 25,407 shares of the company’s stock valued at $1,199,000 after buying an additional 408 shares during the period.

Capital Group Growth ETF Stock Up 0.1%

Shares of CGGR opened at $46.76 on Thursday. The stock has a market capitalization of $25.16 billion, a P/E ratio of 30.88 and a beta of 1.18. Capital Group Growth ETF has a twelve month low of $38.55 and a twelve month high of $48.02. The firm has a fifty day simple moving average of $46.16 and a two-hundred day simple moving average of $44.43.

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.