PFG Advisors Grows Stake in Capital Group Growth ETF $CGGR

PFG Advisors grew its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 15.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,863 shares of the company’s stock after purchasing an additional 23,180 shares during the period. PFG Advisors’ holdings in Capital Group Growth ETF were worth $7,970,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CGGR. Optimus Capital Advisors LLC grew its holdings in Capital Group Growth ETF by 169.4% in the second quarter. Optimus Capital Advisors LLC now owns 13,938 shares of the company’s stock worth $658,000 after purchasing an additional 8,765 shares during the period. HBW Advisory Services LLC increased its holdings in shares of Capital Group Growth ETF by 3.0% in the 2nd quarter. HBW Advisory Services LLC now owns 249,288 shares of the company’s stock worth $11,766,000 after purchasing an additional 7,252 shares in the last quarter. Processus Wealth & Capital Management LLC increased its holdings in shares of Capital Group Growth ETF by 3.5% in the 2nd quarter. Processus Wealth & Capital Management LLC now owns 15,880 shares of the company’s stock worth $750,000 after purchasing an additional 543 shares in the last quarter. Independent Financial Group LLC raised its stake in shares of Capital Group Growth ETF by 40.6% in the second quarter. Independent Financial Group LLC now owns 251,018 shares of the company’s stock worth $11,848,000 after purchasing an additional 72,461 shares during the last quarter. Finally, Fjell Capital LLC lifted its holdings in shares of Capital Group Growth ETF by 1.5% during the second quarter. Fjell Capital LLC now owns 68,042 shares of the company’s stock valued at $3,212,000 after purchasing an additional 973 shares in the last quarter.

Capital Group Growth ETF Price Performance

Capital Group Growth ETF stock opened at $47.03 on Thursday. Capital Group Growth ETF has a one year low of $38.55 and a one year high of $48.02. The business’s fifty day moving average is $46.10 and its 200 day moving average is $44.51. The stock has a market capitalization of $25.31 billion, a PE ratio of 30.88 and a beta of 1.18.

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.