Perennial Investment Advisors LLC Makes New Investment in Capital Group Growth ETF (NYSEARCA:CGGR)

Perennial Investment Advisors LLC acquired a new stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 19,639 shares of the company’s stock, valued at approximately $730,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CGGR. Rockefeller Capital Management L.P. increased its position in Capital Group Growth ETF by 20.7% in the third quarter. Rockefeller Capital Management L.P. now owns 77,698 shares of the company’s stock worth $2,703,000 after buying an additional 13,328 shares in the last quarter. HighTower Advisors LLC increased its holdings in Capital Group Growth ETF by 14.8% in the 3rd quarter. HighTower Advisors LLC now owns 232,656 shares of the company’s stock worth $8,087,000 after acquiring an additional 30,043 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in Capital Group Growth ETF by 37.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 25,210 shares of the company’s stock worth $877,000 after acquiring an additional 6,855 shares during the period. Quantinno Capital Management LP purchased a new position in Capital Group Growth ETF during the third quarter valued at approximately $387,000. Finally, MML Investors Services LLC boosted its position in shares of Capital Group Growth ETF by 20.5% in the third quarter. MML Investors Services LLC now owns 2,688,825 shares of the company’s stock worth $93,544,000 after purchasing an additional 456,991 shares during the period.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA CGGR opened at $30.85 on Friday. Capital Group Growth ETF has a 1 year low of $29.70 and a 1 year high of $39.96. The firm has a fifty day moving average price of $36.91 and a 200-day moving average price of $36.85. The stock has a market cap of $8.95 billion, a PE ratio of 27.00 and a beta of 1.17.

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.