Meridian Wealth Management LLC Buys 332 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

Meridian Wealth Management LLC lifted its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,699 shares of the company’s stock after purchasing an additional 332 shares during the quarter. Meridian Wealth Management LLC’s holdings in Capital Group Growth ETF were worth $2,702,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in Capital Group Growth ETF by 24.6% in the third quarter. LPL Financial LLC now owns 12,438,170 shares of the company’s stock worth $432,724,000 after acquiring an additional 2,456,913 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Capital Group Growth ETF by 49.7% during the fourth quarter. Jones Financial Companies Lllp now owns 2,225,640 shares of the company’s stock valued at $82,727,000 after acquiring an additional 739,257 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its position in shares of Capital Group Growth ETF by 24.7% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,957,191 shares of the company’s stock worth $102,881,000 after purchasing an additional 586,545 shares during the period. Alpha Financial Advisors LLC bought a new position in shares of Capital Group Growth ETF in the 4th quarter worth $20,431,000. Finally, MML Investors Services LLC grew its position in Capital Group Growth ETF by 20.5% in the 3rd quarter. MML Investors Services LLC now owns 2,688,825 shares of the company’s stock valued at $93,544,000 after purchasing an additional 456,991 shares during the period.

Capital Group Growth ETF Trading Down 2.2 %

Shares of CGGR stock opened at $36.45 on Tuesday. The firm has a fifty day simple moving average of $38.49 and a two-hundred day simple moving average of $36.60. Capital Group Growth ETF has a 12 month low of $29.70 and a 12 month high of $39.96. The firm has a market capitalization of $10.29 billion, a PE ratio of 29.74 and a beta of 1.16.

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.