UBS Group AG Raises Holdings in Capital Group Growth ETF $CGGR

UBS Group AG raised its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 5.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,235,698 shares of the company’s stock after purchasing an additional 283,016 shares during the period. UBS Group AG’s holdings in Capital Group Growth ETF were worth $232,831,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CGGR. Hazlett Burt & Watson Inc. raised its position in shares of Capital Group Growth ETF by 806.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 562 shares of the company’s stock valued at $25,000 after buying an additional 500 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Capital Group Growth ETF during the third quarter worth about $25,000. New Millennium Group LLC acquired a new position in Capital Group Growth ETF during the third quarter worth about $25,000. Triumph Capital Management purchased a new stake in Capital Group Growth ETF during the 3rd quarter valued at about $29,000. Finally, Fifth Third Bancorp grew its stake in Capital Group Growth ETF by 285.9% during the 3rd quarter. Fifth Third Bancorp now owns 683 shares of the company’s stock valued at $30,000 after acquiring an additional 506 shares in the last quarter.

Capital Group Growth ETF Price Performance

CGGR opened at $44.28 on Wednesday. The firm has a market capitalization of $21.88 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18. The company’s 50 day simple moving average is $42.37 and its two-hundred day simple moving average is $43.56. Capital Group Growth ETF has a 1-year low of $33.92 and a 1-year high of $45.83.

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.