Capital Group Growth ETF (NYSEARCA:CGGR) Hits New 12-Month High – Here’s What Happened

Capital Group Growth ETF (NYSEARCA:CGGR) reached a new 52-week high during trading on Wednesday . The stock traded as high as $36.17 and last traded at $36.12, with a volume of 9169 shares. The stock had previously closed at $35.39.

Capital Group Growth ETF Trading Up 0.8 %

The company has a market cap of $6.33 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22. The firm’s fifty day simple moving average is $34.55 and its 200 day simple moving average is $33.12.

Institutional Trading of Capital Group Growth ETF

Several institutional investors have recently modified their holdings of CGGR. McNamara Financial Services Inc. raised its position in Capital Group Growth ETF by 44.5% in the 3rd quarter. McNamara Financial Services Inc. now owns 10,414 shares of the company’s stock valued at $362,000 after purchasing an additional 3,209 shares during the last quarter. Thoroughbred Financial Services LLC grew its stake in shares of Capital Group Growth ETF by 89.3% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 16,523 shares of the company’s stock worth $543,000 after purchasing an additional 7,796 shares during the period. CreativeOne Wealth LLC acquired a new stake in Capital Group Growth ETF in the 1st quarter valued at about $236,000. Blair William & Co. IL grew its stake in Capital Group Growth ETF by 2.5% in the 1st quarter. Blair William & Co. IL now owns 117,406 shares of the company’s stock valued at $3,756,000 after acquiring an additional 2,867 shares during the last quarter. Finally, LPL Financial LLC grew its stake in Capital Group Growth ETF by 11.3% in the 2nd quarter. LPL Financial LLC now owns 9,981,257 shares of the company’s stock valued at $328,284,000 after acquiring an additional 1,016,246 shares during the last quarter.

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.