SOL Capital Management CO Reduces Stock Position in Capital Group Growth ETF $CGGR

SOL Capital Management CO lessened its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 6.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 635,354 shares of the company’s stock after selling 42,963 shares during the quarter. Capital Group Growth ETF makes up approximately 2.5% of SOL Capital Management CO’s investment portfolio, making the stock its 2nd largest position. SOL Capital Management CO’s holdings in Capital Group Growth ETF were worth $28,254,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Group Private Client Services Inc. lifted its holdings in shares of Capital Group Growth ETF by 5.3% during the third quarter. Capital Group Private Client Services Inc. now owns 23,440,414 shares of the company’s stock valued at $1,029,503,000 after purchasing an additional 1,178,520 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Capital Group Growth ETF by 11.5% in the 3rd quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock valued at $562,219,000 after purchasing an additional 1,322,744 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Capital Group Growth ETF by 2.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 12,707,821 shares of the company’s stock valued at $558,128,000 after purchasing an additional 271,970 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Capital Group Growth ETF by 15.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 12,051,258 shares of the company’s stock valued at $529,291,000 after purchasing an additional 1,605,246 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Capital Group Growth ETF by 9.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 11,374,810 shares of the company’s stock valued at $499,582,000 after purchasing an additional 967,117 shares during the period.

Capital Group Growth ETF Stock Down 1.1%

NYSEARCA:CGGR opened at $44.28 on Wednesday. Capital Group Growth ETF has a 1-year low of $33.92 and a 1-year high of $45.83. 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 stock has a fifty day simple moving average of $42.37 and a 200 day simple moving average of $43.56.

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.