Capital Group Growth ETF (NYSEARCA:CGGR) Shares Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC raised its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,182 shares of the company’s stock after purchasing an additional 1,400 shares during the period. Cornerstone Wealth Management LLC’s holdings in Capital Group Growth ETF were worth $1,271,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CGGR. Mercer Global Advisors Inc. ADV increased its position in shares of Capital Group Growth ETF by 11.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 14,923 shares of the company’s stock worth $491,000 after purchasing an additional 1,515 shares in the last quarter. Creative Planning increased its position in shares of Capital Group Growth ETF by 25.5% in the 2nd quarter. Creative Planning now owns 21,858 shares of the company’s stock valued at $719,000 after acquiring an additional 4,435 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Capital Group Growth ETF by 3.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,771,174 shares of the company’s stock valued at $189,814,000 after acquiring an additional 194,550 shares during the period. NewEdge Advisors LLC increased its position in shares of Capital Group Growth ETF by 32.6% in the 2nd quarter. NewEdge Advisors LLC now owns 967,138 shares of the company’s stock valued at $31,809,000 after acquiring an additional 237,601 shares during the period. Finally, Sunbelt Securities Inc. increased its position in shares of Capital Group Growth ETF by 13.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 104,183 shares of the company’s stock valued at $3,427,000 after acquiring an additional 12,070 shares during the period.

Capital Group Growth ETF Price Performance

NYSEARCA CGGR opened at $39.50 on Friday. The stock’s fifty day moving average price is $38.04 and its 200 day moving average price is $35.42. Capital Group Growth ETF has a 1 year low of $28.78 and a 1 year high of $39.71. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22.

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.