Cambridge Investment Research Advisors Inc. Increases Position in Capital Group Growth ETF $CGGR

Cambridge Investment Research Advisors Inc. raised its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 16.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,363,808 shares of the company’s stock after purchasing an additional 610,100 shares during the period. Capital Group Growth ETF accounts for approximately 0.5% of Cambridge Investment Research Advisors Inc.’s holdings, making the stock its 24th biggest holding. Cambridge Investment Research Advisors Inc.’s holdings in Capital Group Growth ETF were worth $194,059,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Founders Financial Alliance LLC boosted its holdings in shares of Capital Group Growth ETF by 1,656.5% in the 3rd quarter. Founders Financial Alliance LLC now owns 116,142 shares of the company’s stock valued at $5,101,000 after buying an additional 109,530 shares during the period. Genesis Private Wealth LLC boosted its holdings in shares of Capital Group Growth ETF by 7.6% in the 4th quarter. Genesis Private Wealth LLC now owns 227,232 shares of the company’s stock valued at $10,105,000 after buying an additional 16,050 shares during the period. Valmark Advisers Inc. boosted its holdings in shares of Capital Group Growth ETF by 51.2% in the 4th quarter. Valmark Advisers Inc. now owns 873,172 shares of the company’s stock valued at $38,830,000 after buying an additional 295,543 shares during the period. Adamsbrown Wealth Consultants LLC boosted its holdings in shares of Capital Group Growth ETF by 1.3% in the 3rd quarter. Adamsbrown Wealth Consultants LLC now owns 1,042,361 shares of the company’s stock valued at $45,781,000 after buying an additional 12,990 shares during the period. Finally, Cozad Asset Management Inc. boosted its holdings in shares of Capital Group Growth ETF by 10.7% in the 3rd quarter. Cozad Asset Management Inc. now owns 169,183 shares of the company’s stock valued at $7,431,000 after buying an additional 16,315 shares during the period.

Capital Group Growth ETF Stock Performance

NYSEARCA CGGR opened at $45.78 on Friday. The company has a 50-day simple moving average of $42.95 and a 200-day simple moving average of $43.68. The firm has a market capitalization of $22.76 billion, a PE ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a one year low of $37.05 and a one year high of $46.79.

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.