Ridgeline Wealth Planning LLC Raises Stake in Capital Group Growth ETF $CGGR

Ridgeline Wealth Planning LLC boosted its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 28.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 152,766 shares of the company’s stock after acquiring an additional 33,890 shares during the quarter. Capital Group Growth ETF comprises about 4.8% of Ridgeline Wealth Planning LLC’s investment portfolio, making the stock its 6th biggest holding. Ridgeline Wealth Planning LLC’s holdings in Capital Group Growth ETF were worth $6,793,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CGGR. Goldman Sachs Group Inc. raised its position in Capital Group Growth ETF by 174.1% in the first quarter. Goldman Sachs Group Inc. now owns 319,824 shares of the company’s stock worth $10,954,000 after acquiring an additional 203,151 shares in the last quarter. First Trust Advisors LP bought a new stake in Capital Group Growth ETF in the second quarter worth about $211,000. Cerity Partners LLC raised its position in Capital Group Growth ETF by 176.7% in the second quarter. Cerity Partners LLC now owns 66,761 shares of the company’s stock worth $2,715,000 after acquiring an additional 42,631 shares in the last quarter. Sei Investments Co. raised its position in Capital Group Growth ETF by 19.5% in the second quarter. Sei Investments Co. now owns 1,163,011 shares of the company’s stock worth $47,277,000 after acquiring an additional 189,933 shares in the last quarter. Finally, Diversify Wealth Management LLC bought a new stake in Capital Group Growth ETF in the second quarter worth about $320,000.

Capital Group Growth ETF Trading Up 0.7%

Shares of Capital Group Growth ETF stock opened at $46.25 on Friday. The company’s 50-day moving average price is $42.59 and its two-hundred day moving average price is $43.61. Capital Group Growth ETF has a 52 week low of $35.78 and a 52 week high of $46.37. The stock has a market cap of $22.99 billion, a PE ratio of 30.88 and a beta of 1.17.

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.