Capital Group Growth ETF (NYSEARCA:CGGR) Sets New 1-Year High – Here’s Why

Capital Group Growth ETF (NYSEARCA:CGGR) shares hit a new 52-week high during trading on Monday . The company traded as high as $38.90 and last traded at $38.90, with a volume of 499 shares traded. The stock had previously closed at $38.76.

Capital Group Growth ETF Stock Up 0.1 %

The stock has a 50 day simple moving average of $36.23 and a 200 day simple moving average of $34.08. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. McNamara Financial Services Inc. boosted its holdings in Capital Group Growth ETF by 44.5% in the third 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 boosted its holdings in Capital Group Growth ETF by 89.3% in the second quarter. Thoroughbred Financial Services LLC now owns 16,523 shares of the company’s stock valued at $543,000 after purchasing an additional 7,796 shares during the last quarter. LPL Financial LLC boosted its holdings in Capital Group Growth ETF by 11.3% in the second quarter. LPL Financial LLC now owns 9,981,257 shares of the company’s stock valued at $328,284,000 after purchasing an additional 1,016,246 shares during the last quarter. Creative Planning boosted its holdings in Capital Group Growth ETF by 12.9% in the third quarter. Creative Planning now owns 24,676 shares of the company’s stock valued at $858,000 after purchasing an additional 2,818 shares during the last quarter. Finally, Stephens Inc. AR purchased a new position in Capital Group Growth ETF in the third quarter valued at about $655,000.

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.