Strategic Equity Management Purchases New Position in Capital Group Growth ETF $CGGR

Strategic Equity Management purchased a new stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 240,497 shares of the company’s stock, valued at approximately $10,695,000. Capital Group Growth ETF comprises about 3.6% of Strategic Equity Management’s investment portfolio, making the stock its 12th biggest position. Strategic Equity Management owned 0.05% of Capital Group Growth ETF as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. grew its holdings in shares of Capital Group Growth ETF by 806.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 562 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Capital Group Growth ETF during the 3rd quarter valued at approximately $25,000. New Millennium Group LLC bought a new stake in shares of Capital Group Growth ETF during the 3rd quarter valued at approximately $25,000. Triumph Capital Management acquired a new stake in Capital Group Growth ETF during the 3rd quarter worth approximately $29,000. Finally, Fifth Third Bancorp boosted its position in Capital Group Growth ETF by 285.9% during the 3rd quarter. Fifth Third Bancorp now owns 683 shares of the company’s stock worth $30,000 after buying an additional 506 shares during the period.

Capital Group Growth ETF Price Performance

NYSEARCA:CGGR opened at $46.86 on Wednesday. The firm’s 50 day simple moving average is $43.45 and its 200 day simple moving average is $43.73. Capital Group Growth ETF has a one year low of $37.64 and a one year high of $46.93. The company has a market cap of $23.29 billion, a PE 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.