146,254 Shares in Capital Group Growth ETF $CGGR Purchased by NewCorp Financial Services Inc.

NewCorp Financial Services Inc. bought a new position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 146,254 shares of the company’s stock, valued at approximately $6,504,000. Capital Group Growth ETF makes up 5.8% of NewCorp Financial Services Inc.’s holdings, making the stock its 7th biggest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Florida Financial Advisors LLC grew its position in Capital Group Growth ETF by 12.5% during the fourth quarter. Florida Financial Advisors LLC now owns 8,272 shares of the company’s stock worth $368,000 after buying an additional 919 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in shares of Capital Group Growth ETF by 709.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 4,547 shares of the company’s stock worth $204,000 after buying an additional 3,985 shares during the last quarter. Essex Financial Services Inc. grew its position in shares of Capital Group Growth ETF by 19.1% in the 4th quarter. Essex Financial Services Inc. now owns 103,898 shares of the company’s stock worth $4,620,000 after buying an additional 16,631 shares during the last quarter. Founders Financial Securities LLC grew its position in shares of Capital Group Growth ETF by 21.6% in the 4th quarter. Founders Financial Securities LLC now owns 299,670 shares of the company’s stock worth $13,326,000 after buying an additional 53,305 shares during the last quarter. Finally, Rothschild Investment LLC grew its position in shares of Capital Group Growth ETF by 10.8% in the 4th quarter. Rothschild Investment LLC now owns 37,677 shares of the company’s stock worth $1,676,000 after buying an additional 3,667 shares during the last quarter.

Capital Group Growth ETF Stock Performance

Shares of CGGR stock opened at $47.73 on Monday. The firm has a market cap of $23.73 billion, a P/E ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a fifty-two week low of $37.64 and a fifty-two week high of $47.85. The business’s 50 day moving average price is $43.77 and its 200-day moving average price is $43.81.

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.