Capital Group Growth ETF (NYSEARCA:CGGR) Sets New 1-Year High – Here’s Why

Capital Group Growth ETF (NYSEARCA:CGGR) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $46.43 and last traded at $46.24, with a volume of 2370951 shares. The stock had previously closed at $46.25.

Capital Group Growth ETF Stock Down 0.0%

The company has a market cap of $22.99 billion, a PE ratio of 30.88 and a beta of 1.17. The business’s fifty day moving average is $42.70 and its 200-day moving average is $43.63.

Hedge Funds Weigh In On Capital Group Growth ETF

A number of institutional investors and hedge funds have recently made changes to their positions in CGGR. Morgan Stanley lifted its holdings in Capital Group Growth ETF by 94.6% during the fourth quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock valued at $1,195,293,000 after purchasing an additional 13,065,920 shares in the last quarter. LPL Financial LLC lifted its holdings in Capital Group Growth ETF by 17.7% during the fourth quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock valued at $2,019,429,000 after purchasing an additional 6,814,693 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Capital Group Growth ETF by 31.7% during the third quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock valued at $489,487,000 after purchasing an additional 2,680,056 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Capital Group Growth ETF by 26.2% during the fourth quarter. Wells Fargo & Company MN now owns 12,423,660 shares of the company’s stock valued at $552,480,000 after purchasing an additional 2,580,345 shares in the last quarter. Finally, Advance Capital Management Inc. lifted its holdings in Capital Group Growth ETF by 239.5% during the first quarter. Advance Capital Management Inc. now owns 2,860,148 shares of the company’s stock valued at $114,949,000 after purchasing an additional 2,017,650 shares in the last quarter.

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.