7,670 Shares in Capital Group Growth ETF (NYSEARCA:CGGR) Acquired by McCarthy Asset Management Inc.

McCarthy Asset Management Inc. acquired a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 7,670 shares of the company’s stock, valued at approximately $217,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Commonwealth Equity Services LLC grew its position in shares of Capital Group Growth ETF by 124.6% in the third quarter. Commonwealth Equity Services LLC now owns 6,438,739 shares of the company’s stock valued at $157,749,000 after purchasing an additional 3,571,987 shares in the last quarter. Financial Security Advisor Inc. bought a new stake in shares of Capital Group Growth ETF during the third quarter valued at about $48,178,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Capital Group Growth ETF by 85.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,457,413 shares of the company’s stock worth $35,707,000 after buying an additional 669,654 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Capital Group Growth ETF by 27.6% in the third quarter. Envestnet Asset Management Inc. now owns 2,939,064 shares of the company’s stock worth $72,007,000 after buying an additional 634,966 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Capital Group Growth ETF by 13.0% in the third quarter. LPL Financial LLC now owns 4,480,464 shares of the company’s stock valued at $109,771,000 after acquiring an additional 515,441 shares during the period.

Capital Group Growth ETF Stock Up 1.2 %

NYSEARCA:CGGR traded up $0.37 during mid-day trading on Friday, hitting $30.85. 1,036,904 shares of the stock traded hands, compared to its average volume of 1,283,264. The business’s 50-day moving average price is $31.28 and its 200 day moving average price is $28.53. The company has a market cap of $5.17 billion, a PE ratio of 28.76 and a beta of 1.09. Capital Group Growth ETF has a 12-month low of $22.11 and a 12-month high of $32.35.

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.