Merit Financial Group LLC Has $91.13 Million Position in Capital Group Growth ETF $CGGR

Merit Financial Group LLC lifted its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 1.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,930,813 shares of the company’s stock after buying an additional 20,242 shares during the quarter. Capital Group Growth ETF comprises about 0.6% of Merit Financial Group LLC’s portfolio, making the stock its 27th largest holding. Merit Financial Group LLC owned approximately 0.36% of Capital Group Growth ETF worth $91,134,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CGGR. Trademark Financial Management LLC raised its holdings in Capital Group Growth ETF by 2.7% in the 1st quarter. Trademark Financial Management LLC now owns 9,178 shares of the company’s stock valued at $369,000 after acquiring an additional 242 shares during the period. Sapient Capital LLC grew its position in shares of Capital Group Growth ETF by 3.9% in the second quarter. Sapient Capital LLC now owns 6,730 shares of the company’s stock valued at $318,000 after purchasing an additional 250 shares during the last quarter. CFS Investment Advisory Services LLC increased its stake in shares of Capital Group Growth ETF by 0.6% during the second quarter. CFS Investment Advisory Services LLC now owns 48,597 shares of the company’s stock worth $2,261,000 after purchasing an additional 290 shares during the period. CoreCap Advisors LLC lifted its holdings in Capital Group Growth ETF by 5.8% during the 2nd quarter. CoreCap Advisors LLC now owns 5,397 shares of the company’s stock worth $255,000 after purchasing an additional 294 shares during the last quarter. Finally, KMG Fiduciary Partners LLC grew its holdings in Capital Group Growth ETF by 1.7% in the 2nd quarter. KMG Fiduciary Partners LLC now owns 17,868 shares of the company’s stock valued at $843,000 after buying an additional 298 shares in the last quarter.

Capital Group Growth ETF Price Performance

CGGR stock opened at $47.49 on Friday. Capital Group Growth ETF has a fifty-two week low of $38.55 and a fifty-two week high of $48.02. The stock has a market capitalization of $25.55 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18. The business’s fifty day moving average price is $46.10 and its two-hundred day moving average price is $44.53.

About Capital Group Growth ETF

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.