Geneos Wealth Management Inc. Reduces Stake in Capital Group Growth ETF $CGGR

Geneos Wealth Management Inc. cut its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 53.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 554,586 shares of the company’s stock after selling 646,453 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Capital Group Growth ETF were worth $22,289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morgan Stanley boosted its holdings in shares of Capital Group Growth ETF by 94.6% in the 4th quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock valued at $1,195,293,000 after acquiring an additional 13,065,920 shares during the last quarter. LPL Financial LLC grew its position in Capital Group Growth ETF by 17.7% during the 4th quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock worth $2,019,429,000 after purchasing an additional 6,814,693 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Capital Group Growth ETF by 31.7% in the 3rd quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock valued at $489,487,000 after buying an additional 2,680,056 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Capital Group Growth ETF by 26.2% in the 4th quarter. Wells Fargo & Company MN now owns 12,423,660 shares of the company’s stock valued at $552,480,000 after buying an additional 2,580,345 shares during the period. Finally, Advance Capital Management Inc. boosted its stake in shares of Capital Group Growth ETF by 239.5% in the first quarter. Advance Capital Management Inc. now owns 2,860,148 shares of the company’s stock worth $114,949,000 after buying an additional 2,017,650 shares during the last quarter.

Capital Group Growth ETF Stock Up 0.1%

Shares of CGGR opened at $46.69 on Thursday. The company has a market capitalization of $24.67 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 52 week low of $38.55 and a 52 week high of $48.02. The stock’s 50-day moving average price is $46.43 and its 200-day moving average price is $44.40.

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.