Weil Company Inc. Purchases New Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Weil Company Inc. acquired a new position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 139,321 shares of the company’s stock, valued at approximately $5,179,000. Capital Group Growth ETF makes up approximately 1.8% of Weil Company Inc.’s investment portfolio, making the stock its 16th biggest holding. Weil Company Inc. owned approximately 0.08% of Capital Group Growth ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CGGR. Cassady Schiller Wealth Management LLC acquired a new stake in shares of Capital Group Growth ETF during the third quarter valued at about $25,000. Oakworth Capital Inc. bought a new position in Capital Group Growth ETF in the 4th quarter valued at approximately $33,000. Archer Investment Corp raised its holdings in Capital Group Growth ETF by 430.1% in the 4th quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock valued at $49,000 after buying an additional 1,071 shares during the last quarter. WFA of San Diego LLC acquired a new stake in Capital Group Growth ETF during the 3rd quarter worth approximately $70,000. Finally, Harbor Investment Advisory LLC bought a new stake in Capital Group Growth ETF during the 4th quarter worth approximately $80,000.

Capital Group Growth ETF Stock Performance

Shares of NYSEARCA CGGR opened at $37.27 on Wednesday. The firm has a 50 day moving average price of $38.54 and a two-hundred day moving average price of $36.48. The stock has a market cap of $6.34 billion, a P/E ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a 52-week low of $29.70 and a 52-week high of $39.96.

Capital Group Growth ETF 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.