Financial Management Network Inc. Acquires 6,865 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

Financial Management Network Inc. increased its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 42.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 23,198 shares of the company’s stock after purchasing an additional 6,865 shares during the period. Financial Management Network Inc.’s holdings in Capital Group Growth ETF were worth $878,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cassady Schiller Wealth Management LLC bought a new position in Capital Group Growth ETF during the third quarter worth about $25,000. Oakworth Capital Inc. bought a new position in Capital Group Growth ETF during the fourth quarter worth about $33,000. Archer Investment Corp grew its holdings in Capital Group Growth ETF by 430.1% during the fourth quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock worth $49,000 after purchasing an additional 1,071 shares during the period. WFA of San Diego LLC bought a new position in Capital Group Growth ETF during the third quarter worth about $70,000. Finally, Harbor Investment Advisory LLC bought a new position in Capital Group Growth ETF during the fourth quarter worth about $80,000.

Capital Group Growth ETF Stock Performance

Capital Group Growth ETF stock opened at $39.74 on Wednesday. Capital Group Growth ETF has a 52 week low of $29.70 and a 52 week high of $39.96. The stock has a market capitalization of $6.76 billion, a P/E ratio of 28.99 and a beta of 1.22. The stock has a 50-day simple moving average of $38.59 and a 200 day simple moving average of $36.23.

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.