Capital Group Growth ETF $CGGR Stock Purchased by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. increased its position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 7.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,437,881 shares of the company’s stock after buying an additional 97,564 shares during the quarter. Capital Group Growth ETF comprises 1.8% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its 15th biggest holding. Confluence Wealth Services Inc. owned about 0.26% of Capital Group Growth ETF worth $68,199,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Capital Group Growth ETF by 30.1% in the 1st quarter. Royal Bank of Canada now owns 8,428,060 shares of the company’s stock valued at $338,724,000 after purchasing an additional 1,952,001 shares in the last quarter. WNY Asset Management LLC acquired a new stake in shares of Capital Group Growth ETF in the first quarter valued at about $72,542,000. Cetera Investment Advisers lifted its stake in shares of Capital Group Growth ETF by 19.4% in the first quarter. Cetera Investment Advisers now owns 9,800,927 shares of the company’s stock valued at $393,899,000 after purchasing an additional 1,593,112 shares during the period. Bank of America Corp DE boosted its holdings in Capital Group Growth ETF by 10.3% during the first quarter. Bank of America Corp DE now owns 14,193,836 shares of the company’s stock worth $570,450,000 after buying an additional 1,320,686 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in Capital Group Growth ETF by 21.3% during the third quarter. Kestra Advisory Services LLC now owns 4,873,101 shares of the company’s stock worth $231,131,000 after buying an additional 854,920 shares in the last quarter.

Capital Group Growth ETF Trading Down 0.7%

Shares of CGGR opened at $45.85 on Wednesday. The firm’s 50-day moving average is $46.97 and its two-hundred day moving average is $45.28. Capital Group Growth ETF has a twelve month low of $38.55 and a twelve month high of $48.69. The firm has a market capitalization of $25.57 billion, a P/E ratio of 25.67 and a beta of 1.19.

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.