Strategic Equity Management Invests $10.70 Million in Capital Group Growth ETF $CGGR

Strategic Equity Management purchased a new position in Capital Group Growth ETF (NYSEARCA:CGGR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 240,497 shares of the company’s stock, valued at approximately $10,695,000. Capital Group Growth ETF accounts for approximately 3.6% of Strategic Equity Management’s investment portfolio, making the stock its 12th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CGGR. Raymond James Financial Inc. lifted its position in shares of Capital Group Growth ETF by 31.7% in the 3rd quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock worth $489,487,000 after purchasing an additional 2,680,056 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Capital Group Growth ETF by 15.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 12,051,258 shares of the company’s stock worth $529,291,000 after purchasing an additional 1,605,246 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Capital Group Growth ETF by 30.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,999,008 shares of the company’s stock worth $261,802,000 after purchasing an additional 1,407,884 shares during the period. Bank of America Corp DE lifted its position in shares of Capital Group Growth ETF by 11.5% in the 3rd quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock worth $562,219,000 after purchasing an additional 1,322,744 shares during the period. Finally, Capital Group Private Client Services Inc. lifted its position in shares of Capital Group Growth ETF by 5.3% in the 3rd quarter. Capital Group Private Client Services Inc. now owns 23,440,414 shares of the company’s stock worth $1,029,503,000 after purchasing an additional 1,178,520 shares during the period.

Capital Group Growth ETF Stock Performance

Shares of NYSEARCA CGGR opened at $46.86 on Wednesday. The company has a market capitalization of $23.29 billion, a P/E ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 52-week low of $37.64 and a 52-week high of $46.93. The company’s 50 day moving average price is $43.45 and its 200-day moving average price is $43.73.

Capital Group Growth ETF 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.