Capital Group Growth ETF $CGGR Stock Bought by Summit Investment Advisory Services LLC

Summit Investment Advisory Services LLC boosted its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 958,358 shares of the company’s stock after purchasing an additional 24,286 shares during the period. Capital Group Growth ETF comprises approximately 11.3% of Summit Investment Advisory Services LLC’s portfolio, making the stock its 2nd biggest holding. Summit Investment Advisory Services LLC owned 0.17% of Capital Group Growth ETF worth $45,455,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CGGR. Canandaigua National Trust Co of Florida bought a new position in Capital Group Growth ETF during the third quarter worth about $1,470,000. Stonebridge Financial Group LLC lifted its stake in shares of Capital Group Growth ETF by 5.9% during the 3rd quarter. Stonebridge Financial Group LLC now owns 469,504 shares of the company’s stock valued at $22,269,000 after buying an additional 26,343 shares in the last quarter. Private Client Services LLC bought a new position in shares of Capital Group Growth ETF in the second quarter worth $1,297,000. DAVENPORT & Co LLC grew its holdings in Capital Group Growth ETF by 18.8% during the 2nd quarter. DAVENPORT & Co LLC now owns 600,338 shares of the company’s stock valued at $28,336,000 after buying an additional 94,900 shares in the last quarter. Finally, HB Wealth Management LLC bought a new stake in Capital Group Growth ETF during the 2nd quarter worth approximately $909,000.

Capital Group Growth ETF Trading Up 1.1%

Shares of NYSEARCA CGGR traded up $0.50 during midday trading on Friday, hitting $44.80. 4,388,894 shares of the company’s stock were exchanged, compared to its average volume of 3,090,617. Capital Group Growth ETF has a 12-month low of $38.55 and a 12-month high of $48.69. The company has a market cap of $24.87 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18. The business’s fifty day moving average price is $47.01 and its two-hundred day moving average price is $45.27.

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.