Capital Group Growth ETF (NYSEARCA:CGGR) Sets New 12-Month High – What’s Next?

Capital Group Growth ETF (NYSEARCA:CGGR)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $37.76 and last traded at $37.72, with a volume of 95553 shares traded. The stock had previously closed at $37.62.

Capital Group Growth ETF Stock Down 0.2 %

The company’s 50-day simple moving average is $34.90 and its 200 day simple moving average is $33.33. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22.

Institutional Investors Weigh In On Capital Group Growth ETF

Large investors have recently added to or reduced their stakes in the stock. WFA of San Diego LLC acquired a new position in Capital Group Growth ETF during the 3rd quarter worth $70,000. National Wealth Management Group LLC lifted its position in shares of Capital Group Growth ETF by 15.0% during the 3rd quarter. National Wealth Management Group LLC now owns 15,011 shares of the company’s stock worth $522,000 after purchasing an additional 1,960 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in Capital Group Growth ETF by 7.1% during the 3rd quarter. CreativeOne Wealth LLC now owns 6,889 shares of the company’s stock valued at $240,000 after purchasing an additional 458 shares during the period. D.A. Davidson & CO. grew its holdings in Capital Group Growth ETF by 32.8% in the 3rd quarter. D.A. Davidson & CO. now owns 224,416 shares of the company’s stock valued at $7,807,000 after buying an additional 55,471 shares during the last quarter. Finally, Private Trust Co. NA increased its position in Capital Group Growth ETF by 34.7% in the 3rd quarter. Private Trust Co. NA now owns 14,963 shares of the company’s stock worth $521,000 after buying an additional 3,855 shares during the period.

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.