Capital Group Growth ETF (NYSEARCA:CGGR) Sets New 52-Week High – What’s Next?

Shares of Capital Group Growth ETF (NYSEARCA:CGGR) hit a new 52-week high during trading on Wednesday . The stock traded as high as $45.88 and last traded at $45.87, with a volume of 605135 shares. The stock had previously closed at $45.15.

Capital Group Growth ETF Stock Up 1.9%

The stock has a fifty day moving average of $42.46 and a 200-day moving average of $43.58. The firm has a market capitalization of $22.86 billion, a P/E ratio of 30.88 and a beta of 1.17.

Hedge Funds Weigh In On Capital Group Growth ETF

A number of large investors have recently modified their holdings of CGGR. WESPAC Advisors LLC bought a new stake in Capital Group Growth ETF during the 3rd quarter worth about $545,000. Genesis Private Wealth LLC boosted its stake in shares of Capital Group Growth ETF by 7.6% in the 4th quarter. Genesis Private Wealth LLC now owns 227,232 shares of the company’s stock valued at $10,105,000 after purchasing an additional 16,050 shares during the last quarter. Founders Financial Alliance LLC boosted its stake in shares of Capital Group Growth ETF by 1,656.5% in the 3rd quarter. Founders Financial Alliance LLC now owns 116,142 shares of the company’s stock valued at $5,101,000 after purchasing an additional 109,530 shares during the last quarter. Valmark Advisers Inc. grew its position in shares of Capital Group Growth ETF by 51.2% during the 4th quarter. Valmark Advisers Inc. now owns 873,172 shares of the company’s stock worth $38,830,000 after buying an additional 295,543 shares during the period. Finally, Adamsbrown Wealth Consultants LLC grew its position in shares of Capital Group Growth ETF by 1.3% during the 3rd quarter. Adamsbrown Wealth Consultants LLC now owns 1,042,361 shares of the company’s stock worth $45,781,000 after buying an additional 12,990 shares during the period.

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.