Convergence Financial LLC Boosts Stock Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Convergence Financial LLC raised its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,251 shares of the company’s stock after purchasing an additional 437 shares during the period. Convergence Financial LLC’s holdings in Capital Group Growth ETF were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in Capital Group Growth ETF by 24.6% in the third quarter. LPL Financial LLC now owns 12,438,170 shares of the company’s stock worth $432,724,000 after purchasing an additional 2,456,913 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its stake in Capital Group Growth ETF by 24.7% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,957,191 shares of the company’s stock worth $102,881,000 after buying an additional 586,545 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Capital Group Growth ETF by 20.5% during the third quarter. MML Investors Services LLC now owns 2,688,825 shares of the company’s stock worth $93,544,000 after acquiring an additional 456,991 shares during the last quarter. Financial Security Advisor Inc. grew its stake in shares of Capital Group Growth ETF by 1.5% during the third quarter. Financial Security Advisor Inc. now owns 2,095,736 shares of the company’s stock worth $72,911,000 after acquiring an additional 31,544 shares during the last quarter. Finally, Kestra Investment Management LLC grew its stake in shares of Capital Group Growth ETF by 3.5% during the fourth quarter. Kestra Investment Management LLC now owns 1,138,267 shares of the company’s stock worth $42,309,000 after acquiring an additional 38,774 shares during the last quarter.

Capital Group Growth ETF Stock Performance

Shares of CGGR stock opened at $36.64 on Friday. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a fifty-two week low of $29.70 and a fifty-two week high of $39.96. The stock’s 50-day simple moving average is $38.53 and its 200-day simple moving average is $36.49.

Capital Group Growth ETF Company 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.