Financial Management Network Inc. Has $878,000 Stake in Capital Group Growth ETF (NYSEARCA:CGGR)

Financial Management Network Inc. raised its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 42.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,198 shares of the company’s stock after purchasing an additional 6,865 shares during the quarter. Financial Management Network Inc.’s holdings in Capital Group Growth ETF were worth $878,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CGGR. Cassady Schiller Wealth Management LLC bought a new position in shares of Capital Group Growth ETF in the 3rd quarter valued at about $25,000. Oakworth Capital Inc. bought a new position in shares of Capital Group Growth ETF in the 4th quarter valued at about $33,000. Archer Investment Corp grew its holdings in shares of Capital Group Growth ETF by 430.1% in the 4th quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock valued at $49,000 after acquiring an additional 1,071 shares in the last quarter. WFA of San Diego LLC bought a new position in shares of Capital Group Growth ETF in the 3rd quarter valued at about $70,000. Finally, Harbor Investment Advisory LLC bought a new position in shares of Capital Group Growth ETF in the 4th quarter valued at about $80,000.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA CGGR opened at $39.74 on Wednesday. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22. The business has a 50-day moving average of $38.59 and a 200-day moving average of $36.23. Capital Group Growth ETF has a fifty-two week low of $29.70 and a fifty-two week high of $39.96.

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.