Janney Montgomery Scott LLC lifted its position in Capital Group Growth ETF (NYSEARCA:CGGR – Free Report) by 30.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,196,678 shares of the company’s stock after acquiring an additional 276,441 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.35% of Capital Group Growth ETF worth $48,645,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in Capital Group Growth ETF during the first quarter worth $30,000. Rossby Financial LCC bought a new position in Capital Group Growth ETF during the first quarter valued at $31,000. CX Institutional purchased a new stake in Capital Group Growth ETF in the 1st quarter worth about $48,000. Chilton Capital Management LLC bought a new stake in shares of Capital Group Growth ETF in the first quarter valued at approximately $53,000. Finally, Beacon Capital Management LLC purchased a new stake in shares of Capital Group Growth ETF during the second quarter worth $77,000.
Capital Group Growth ETF Stock Performance
Shares of NYSEARCA:CGGR opened at $43.92 on Wednesday. The firm has a fifty day moving average of $42.62 and a 200 day moving average of $38.94. The firm has a market capitalization of $15.22 billion, a PE ratio of 30.88 and a beta of 1.09. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $44.71.
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.
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