Thoroughbred Financial Services LLC Has $10.55 Million Stock Position in Capital Group Growth ETF $CGGR

Thoroughbred Financial Services LLC raised its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 237,162 shares of the company’s stock after purchasing an additional 30,043 shares during the quarter. Thoroughbred Financial Services LLC owned 0.05% of Capital Group Growth ETF worth $10,546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CGGR. Capital Group Private Client Services Inc. boosted its position in Capital Group Growth ETF by 5.3% in the third quarter. Capital Group Private Client Services Inc. now owns 23,440,414 shares of the company’s stock valued at $1,029,503,000 after buying an additional 1,178,520 shares in the last quarter. Bank of America Corp DE grew its stake in Capital Group Growth ETF by 11.5% during the third quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock worth $562,219,000 after buying an additional 1,322,744 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Capital Group Growth ETF by 15.4% during the third quarter. Envestnet Asset Management Inc. now owns 12,051,258 shares of the company’s stock worth $529,291,000 after buying an additional 1,605,246 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Capital Group Growth ETF by 9.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 11,374,810 shares of the company’s stock worth $499,582,000 after buying an additional 967,117 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in Capital Group Growth ETF by 31.7% during the third quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock worth $489,487,000 after buying an additional 2,680,056 shares during the last quarter.

Capital Group Growth ETF Price Performance

NYSEARCA CGGR opened at $47.11 on Thursday. The firm has a market cap of $23.42 billion, a PE ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a one year low of $37.64 and a one year high of $47.19. The stock’s 50 day simple moving average is $43.55 and its 200 day simple moving average is $43.75.

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.