NewCorp Financial Services Inc. bought a new position in Capital Group Growth ETF (NYSEARCA:CGGR – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 146,254 shares of the company’s stock, valued at approximately $6,504,000. Capital Group Growth ETF comprises approximately 5.8% of NewCorp Financial Services Inc.’s portfolio, making the stock its 7th biggest holding.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. increased its position in Capital Group Growth ETF by 806.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 562 shares of the company’s stock valued at $25,000 after buying an additional 500 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Capital Group Growth ETF in the 3rd quarter worth $25,000. New Millennium Group LLC bought a new stake in shares of Capital Group Growth ETF in the 3rd quarter worth $25,000. Triumph Capital Management bought a new stake in shares of Capital Group Growth ETF in the 3rd quarter worth $29,000. Finally, Fifth Third Bancorp increased its holdings in shares of Capital Group Growth ETF by 285.9% in the 3rd quarter. Fifth Third Bancorp now owns 683 shares of the company’s stock worth $30,000 after purchasing an additional 506 shares in the last quarter.
Capital Group Growth ETF Price Performance
CGGR stock opened at $47.73 on Monday. The stock’s fifty day moving average price is $43.77 and its 200-day moving average price is $43.81. Capital Group Growth ETF has a 1 year low of $37.64 and a 1 year high of $47.85. The company has a market cap of $23.73 billion, a P/E ratio of 30.88 and a beta of 1.17.
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.
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Want to see what other hedge funds are holding CGGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Growth ETF (NYSEARCA:CGGR – Free Report).
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