Prospera Financial Services Inc Buys 121,240 Shares of Capital Group Growth ETF $CGGR

Prospera Financial Services Inc increased its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,307,483 shares of the company’s stock after purchasing an additional 121,240 shares during the quarter. Capital Group Growth ETF makes up about 1.0% of Prospera Financial Services Inc’s portfolio, making the stock its 14th largest holding. Prospera Financial Services Inc owned about 0.30% of Capital Group Growth ETF worth $58,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Strategic Financial Concepts LLC bought a new stake in shares of Capital Group Growth ETF during the fourth quarter worth $1,104,000. Jefferies Financial Group Inc. acquired a new position in shares of Capital Group Growth ETF during the fourth quarter worth $677,000. EverSource Wealth Advisors LLC increased its holdings in shares of Capital Group Growth ETF by 10.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 299,777 shares of the company’s stock worth $13,331,000 after buying an additional 27,815 shares in the last quarter. Platt Wealth Management LLC acquired a new position in shares of Capital Group Growth ETF during the fourth quarter worth $972,000. Finally, Axxcess Wealth Management LLC increased its holdings in shares of Capital Group Growth ETF by 261.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,321,257 shares of the company’s stock worth $58,756,000 after buying an additional 955,472 shares in the last quarter.

Capital Group Growth ETF Stock Performance

Shares of NYSEARCA:CGGR opened at $46.06 on Friday. The company has a fifty day moving average of $43.25 and a 200-day moving average of $43.70. The company has a market capitalization of $22.90 billion, a PE ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 52-week low of $37.05 and a 52-week high of $46.79.

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.