Geneos Wealth Management Inc. Has $22.17 Million Stake in Capital Group Growth ETF (NYSEARCA:CGGR)

Geneos Wealth Management Inc. lessened its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 7.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 596,418 shares of the company’s stock after selling 44,966 shares during the period. Capital Group Growth ETF accounts for about 0.8% of Geneos Wealth Management Inc.’s portfolio, making the stock its 21st largest position. Geneos Wealth Management Inc.’s holdings in Capital Group Growth ETF were worth $22,169,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Mercer Global Advisors Inc. ADV increased its stake in Capital Group Growth ETF by 11.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 14,923 shares of the company’s stock valued at $491,000 after purchasing an additional 1,515 shares in the last quarter. Creative Planning grew its stake 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 buying an additional 4,435 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake 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 buying an additional 194,550 shares during the period. NewEdge Advisors LLC increased its position in 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 buying an additional 237,601 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in Capital Group Growth ETF by 13.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 104,183 shares of the company’s stock worth $3,427,000 after buying an additional 12,070 shares during the period.

Capital Group Growth ETF Stock Performance

Shares of NYSEARCA:CGGR opened at $39.50 on Friday. The firm has a market cap of $6.72 billion, a P/E ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a 52-week low of $28.78 and a 52-week high of $39.71. The business’s 50 day simple moving average is $38.04 and its two-hundred day simple moving average is $35.42.

Capital Group Growth ETF Company 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.