Capital Group Growth ETF (NYSEARCA:CGGR) Sees Large Volume Increase – Should You Buy?

Capital Group Growth ETF (NYSEARCA:CGGR) shares saw an uptick in trading volume on Tuesday . 2,426,329 shares traded hands during trading, an increase of 38% from the previous session’s volume of 1,754,892 shares.The stock last traded at $31.89 and had previously closed at $30.98.

Capital Group Growth ETF Price Performance

The company has a market capitalization of $9.01 billion, a price-to-earnings ratio of 27.00 and a beta of 1.17. The stock’s fifty day simple moving average is $36.75 and its two-hundred day simple moving average is $36.85.

Institutional Trading of Capital Group Growth ETF

Hedge funds have recently bought and sold shares of the company. Park Avenue Securities LLC increased its position in Capital Group Growth ETF by 15.1% in the 4th quarter. Park Avenue Securities LLC now owns 19,905 shares of the company’s stock worth $740,000 after purchasing an additional 2,610 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Capital Group Growth ETF by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 484,569 shares of the company’s stock valued at $16,858,000 after acquiring an additional 73,399 shares during the period. Merit Financial Group LLC increased its stake in Capital Group Growth ETF by 11.2% in the fourth quarter. Merit Financial Group LLC now owns 118,717 shares of the company’s stock valued at $4,413,000 after acquiring an additional 11,920 shares during the period. Ashton Thomas Securities LLC lifted its position in shares of Capital Group Growth ETF by 570.8% during the 4th quarter. Ashton Thomas Securities LLC now owns 18,354 shares of the company’s stock worth $682,000 after buying an additional 15,618 shares during the period. Finally, 5T Wealth LLC acquired a new stake in shares of Capital Group Growth ETF in the 4th quarter valued at $5,472,000.

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.