Advisory Services Network LLC Sells 4,092 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

Advisory Services Network LLC lessened its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 512,896 shares of the company’s stock after selling 4,092 shares during the quarter. Advisory Services Network LLC’s holdings in Capital Group Growth ETF were worth $19,064,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. LPL Financial LLC increased its holdings in Capital Group Growth ETF by 34.9% during the 4th quarter. LPL Financial LLC now owns 16,775,326 shares of the company’s stock valued at $623,539,000 after purchasing an additional 4,337,156 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Capital Group Growth ETF by 10.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,261,756 shares of the company’s stock worth $381,429,000 after purchasing an additional 938,655 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Capital Group Growth ETF in the 4th quarter valued at about $257,888,000. Envestnet Asset Management Inc. lifted its holdings in Capital Group Growth ETF by 9.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 6,924,105 shares of the company’s stock worth $257,369,000 after acquiring an additional 606,011 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Capital Group Growth ETF by 25.4% during the fourth quarter. Wells Fargo & Company MN now owns 6,763,699 shares of the company’s stock worth $251,407,000 after acquiring an additional 1,368,362 shares in the last quarter.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA CGGR opened at $30.98 on Tuesday. Capital Group Growth ETF has a fifty-two week low of $29.23 and a fifty-two week high of $39.96. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 27.00 and a beta of 1.17. The business has a 50-day moving average of $36.75 and a 200-day moving average of $36.85.

Capital Group Growth ETF Company 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.