Independent Financial Group LLC Acquires Shares of 178,557 Capital Group Growth ETF $CGGR

Independent Financial Group LLC acquired a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 178,557 shares of the company’s stock, valued at approximately $7,176,000.

Other large investors have also modified their holdings of the company. Triumph Capital Management acquired a new position in shares of Capital Group Growth ETF in the 3rd quarter valued at $29,000. Mark Sheptoff Financial Planning LLC boosted its stake in Capital Group Growth ETF by 88.7% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,064 shares of the company’s stock worth $47,000 after purchasing an additional 500 shares during the period. Avion Wealth purchased a new position in Capital Group Growth ETF during the 4th quarter worth $68,000. Godfrey Financial Associates Inc. purchased a new position in Capital Group Growth ETF during the 4th quarter worth $78,000. Finally, WFA of San Diego LLC purchased a new position in Capital Group Growth ETF during the 2nd quarter worth $81,000.

Capital Group Growth ETF Stock Performance

Shares of NYSEARCA:CGGR opened at $46.06 on Friday. The company has a 50-day simple moving average of $46.43 and a 200-day simple moving average of $44.41. Capital Group Growth ETF has a one year low of $38.55 and a one year high of $48.02. The stock has a market capitalization of $24.34 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17.

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.