Forge Financial Services LLC Acquires Shares of 127,515 Capital Group Growth ETF (NYSEARCA:CGGR)

Forge Financial Services LLC bought a new position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 127,515 shares of the company’s stock, valued at approximately $5,055,000. Capital Group Growth ETF comprises approximately 4.2% of Forge Financial Services LLC’s investment portfolio, making the stock its 8th largest holding.

A number of other institutional investors have also recently modified their holdings of the business. Thoroughbred Financial Services LLC boosted its position in Capital Group Growth ETF by 428.5% during the fourth quarter. Thoroughbred Financial Services LLC now owns 82,801 shares of the company’s stock worth $3,077,000 after purchasing an additional 67,134 shares in the last quarter. World Investment Advisors lifted its position in shares of Capital Group Growth ETF by 15.0% during the 4th quarter. World Investment Advisors now owns 73,128 shares of the company’s stock valued at $2,718,000 after buying an additional 9,566 shares in the last quarter. OneAscent Financial Services LLC acquired a new stake in Capital Group Growth ETF in the 4th quarter valued at $205,000. National Wealth Management Group LLC increased its holdings in Capital Group Growth ETF by 31.0% in the 4th quarter. National Wealth Management Group LLC now owns 19,659 shares of the company’s stock worth $731,000 after acquiring an additional 4,648 shares in the last quarter. Finally, Riggs Capital Management LLC acquired a new position in Capital Group Growth ETF during the fourth quarter worth $1,255,000.

Capital Group Growth ETF Stock Down 5.8 %

Shares of NYSEARCA CGGR opened at $32.91 on Friday. The firm has a market cap of $9.55 billion, a price-to-earnings ratio of 27.00 and a beta of 1.17. The company’s 50-day simple moving average is $37.08 and its 200-day simple moving average is $36.85. Capital Group Growth ETF has a 52-week low of $29.70 and a 52-week high of $39.96.

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.