Ergawealth Advisors Inc. Has $20.70 Million Stake in Capital Group Growth ETF (NYSEARCA:CGGR)

Ergawealth Advisors Inc. raised its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 594,905 shares of the company’s stock after acquiring an additional 19,622 shares during the quarter. Capital Group Growth ETF makes up 10.3% of Ergawealth Advisors Inc.’s portfolio, making the stock its biggest position. Ergawealth Advisors Inc. owned 0.35% of Capital Group Growth ETF worth $20,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CGGR. PNC Financial Services Group Inc. acquired a new position in Capital Group Growth ETF in the fourth quarter worth about $101,000. Park Avenue Securities LLC increased its holdings in shares of Capital Group Growth ETF by 17.8% in the 1st quarter. Park Avenue Securities LLC now owns 11,704 shares of the company’s stock valued at $374,000 after acquiring an additional 1,768 shares during the last quarter. RFG Advisory LLC acquired a new stake in shares of Capital Group Growth ETF during the 1st quarter valued at approximately $207,000. Wealth Enhancement Advisory Services LLC lifted its stake in Capital Group Growth ETF by 5.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 703,358 shares of the company’s stock worth $22,500,000 after purchasing an additional 38,969 shares during the last quarter. Finally, 180 Wealth Advisors LLC boosted its holdings in Capital Group Growth ETF by 4.0% in the first quarter. 180 Wealth Advisors LLC now owns 20,272 shares of the company’s stock worth $648,000 after purchasing an additional 776 shares during the period.

Capital Group Growth ETF Stock Performance

Shares of NYSEARCA:CGGR opened at $35.36 on Friday. The company’s fifty day moving average is $34.14 and its two-hundred day moving average is $32.82. Capital Group Growth ETF has a 1-year low of $23.34 and a 1-year high of $35.69. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22.

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.