Focus Financial Network Inc. Takes $747,000 Position in Capital Group Growth ETF $CGGR

Focus Financial Network Inc. purchased a new position in Capital Group Growth ETF (NYSEARCA:CGGR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,824 shares of the company’s stock, valued at approximately $747,000.

Several other hedge funds and other institutional investors have also modified their holdings of CGGR. LPL Financial LLC boosted its position in Capital Group Growth ETF by 17.7% during the fourth quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock valued at $2,019,429,000 after purchasing an additional 6,814,693 shares during the last quarter. Morgan Stanley increased its position in Capital Group Growth ETF by 94.6% in the 4th quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock worth $1,195,293,000 after purchasing an additional 13,065,920 shares during the last quarter. Capital Group Private Client Services Inc. increased its position in Capital Group Growth ETF by 2.5% in the 4th quarter. Capital Group Private Client Services Inc. now owns 24,026,194 shares of the company’s stock worth $1,068,445,000 after purchasing an additional 585,780 shares during the last quarter. Bank of America Corp DE increased its position in Capital Group Growth ETF by 10.3% in the 1st quarter. Bank of America Corp DE now owns 14,193,836 shares of the company’s stock worth $570,450,000 after purchasing an additional 1,320,686 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Capital Group Growth ETF by 3.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 13,193,475 shares of the company’s stock worth $586,714,000 after purchasing an additional 485,654 shares in the last quarter.

Capital Group Growth ETF Price Performance

Shares of Capital Group Growth ETF stock opened at $47.03 on Thursday. The firm has a market cap of $25.31 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18. Capital Group Growth ETF has a 52-week low of $38.55 and a 52-week high of $48.02. The stock has a 50-day simple moving average of $46.10 and a 200-day simple moving average of $44.51.

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.