Capital Group Growth ETF (NYSEARCA:CGGR) Position Increased by Summit Investment Advisory Services LLC

Summit Investment Advisory Services LLC raised its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 3.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 805,259 shares of the company’s stock after purchasing an additional 26,336 shares during the quarter. Capital Group Growth ETF makes up 15.4% of Summit Investment Advisory Services LLC’s investment portfolio, making the stock its 2nd largest position. Summit Investment Advisory Services LLC’s holdings in Capital Group Growth ETF were worth $29,931,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CGGR. Park Avenue Securities LLC lifted its stake in shares of Capital Group Growth ETF by 15.1% in the fourth quarter. Park Avenue Securities LLC now owns 19,905 shares of the company’s stock valued at $740,000 after purchasing an additional 2,610 shares during the period. McNamara Financial Services Inc. increased its holdings in Capital Group Growth ETF by 44.5% in the third quarter. McNamara Financial Services Inc. now owns 10,414 shares of the company’s stock valued at $362,000 after buying an additional 3,209 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Capital Group Growth ETF by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 484,569 shares of the company’s stock valued at $16,858,000 after acquiring an additional 73,399 shares during the period. Creative Planning boosted its stake in shares of Capital Group Growth ETF by 12.9% during the 3rd quarter. Creative Planning now owns 24,676 shares of the company’s stock worth $858,000 after acquiring an additional 2,818 shares in the last quarter. Finally, Stephens Inc. AR purchased a new stake in shares of Capital Group Growth ETF during the 3rd quarter worth approximately $655,000.

Capital Group Growth ETF Stock Performance

Shares of CGGR stock opened at $39.50 on Friday. The stock has a fifty day moving average price of $38.04 and a 200 day moving average price of $35.43. The stock has a market cap of $6.72 billion, a PE ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a 1 year low of $28.78 and a 1 year high of $39.71.

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.