Kestra Investment Management LLC Boosts Stake in Capital Group Growth ETF $CGGR

Kestra Investment Management LLC grew its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 56.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,782,359 shares of the company’s stock after buying an additional 644,092 shares during the period. Capital Group Growth ETF accounts for 1.9% of Kestra Investment Management LLC’s holdings, making the stock its 17th biggest position. Kestra Investment Management LLC owned 0.57% of Capital Group Growth ETF worth $61,046,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in shares of Capital Group Growth ETF in the first quarter worth $30,000. Rossby Financial LCC purchased a new position in shares of Capital Group Growth ETF in the first quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in shares of Capital Group Growth ETF in the fourth quarter worth $34,000. CX Institutional purchased a new position in shares of Capital Group Growth ETF in the first quarter worth $48,000. Finally, Chilton Capital Management LLC purchased a new position in shares of Capital Group Growth ETF in the first quarter worth $53,000.

Capital Group Growth ETF Trading Up 0.6%

NYSEARCA CGGR opened at $42.88 on Friday. The company has a fifty day simple moving average of $41.60 and a two-hundred day simple moving average of $38.04. Capital Group Growth ETF has a 12-month low of $29.23 and a 12-month high of $43.21. The stock has a market cap of $14.86 billion, a P/E ratio of 30.88 and a beta of 1.09.

About Capital Group Growth ETF

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.