Western Wealth Management LLC Has $4.63 Million Holdings in Capital Group Growth ETF (NYSEARCA:CGGR)

Western Wealth Management LLC lifted its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 52.7% during the 1st quarter, HoldingsChannel reports. The fund owned 135,221 shares of the company’s stock after buying an additional 46,680 shares during the period. Western Wealth Management LLC’s holdings in Capital Group Growth ETF were worth $4,631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Capital Group Private Client Services Inc. boosted its holdings in Capital Group Growth ETF by 3.7% in the 4th quarter. Capital Group Private Client Services Inc. now owns 20,095,652 shares of the company’s stock valued at $746,955,000 after purchasing an additional 714,941 shares during the period. LPL Financial LLC raised its position in shares of Capital Group Growth ETF by 34.9% during the fourth quarter. LPL Financial LLC now owns 16,775,326 shares of the company’s stock valued at $623,539,000 after buying an additional 4,337,156 shares during the last quarter. Bank of America Corp DE raised its position in shares of Capital Group Growth ETF by 2.6% during the fourth quarter. Bank of America Corp DE now owns 10,359,956 shares of the company’s stock valued at $385,080,000 after buying an additional 263,848 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Capital Group Growth ETF by 10.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,261,756 shares of the company’s stock valued at $381,429,000 after buying an additional 938,655 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Capital Group Growth ETF during the fourth quarter worth about $257,888,000.

Capital Group Growth ETF Stock Down 0.1%

Shares of CGGR opened at $39.76 on Thursday. The stock’s 50-day moving average price is $37.13 and its 200 day moving average price is $36.99. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 30.36 and a beta of 1.18. Capital Group Growth ETF has a 12-month low of $29.23 and a 12-month high of $39.97.

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.