Raymond James Financial Inc. purchased a new position in Capital Group Growth ETF (NYSEARCA:CGGR – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,938,080 shares of the company’s stock, valued at approximately $257,888,000. Raymond James Financial Inc. owned approximately 4.08% of Capital Group Growth ETF at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cassady Schiller Wealth Management LLC purchased a new position in shares of Capital Group Growth ETF in the third quarter worth $25,000. Oakworth Capital Inc. purchased a new position in Capital Group Growth ETF during the fourth quarter valued at $33,000. Whipplewood Advisors LLC bought a new stake in Capital Group Growth ETF in the 4th quarter valued at $33,000. Archer Investment Corp lifted its stake 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 worth $49,000 after purchasing an additional 1,071 shares in the last quarter. Finally, WFA of San Diego LLC bought a new position in shares of Capital Group Growth ETF during the 3rd quarter valued at about $70,000.
Capital Group Growth ETF Trading Down 3.3 %
Shares of CGGR stock opened at $35.48 on Friday. The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of 29.74 and a beta of 1.16. Capital Group Growth ETF has a 12-month low of $29.70 and a 12-month high of $39.96. The stock’s 50-day moving average price is $38.40 and its 200-day moving average price is $36.62.
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.
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