Sovran Advisors LLC purchased a new position in shares of Capital Group Growth ETF (NYSEARCA:CGGR – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm purchased 204,951 shares of the company’s stock, valued at approximately $7,626,000. Capital Group Growth ETF makes up approximately 1.1% of Sovran Advisors LLC’s investment portfolio, making the stock its 17th biggest position.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cassady Schiller Wealth Management LLC bought a new position in shares of Capital Group Growth ETF during the 3rd quarter worth approximately $25,000. Oakworth Capital Inc. bought a new position in shares of Capital Group Growth ETF in the 4th quarter worth $33,000. Archer Investment Corp lifted its holdings in shares of Capital Group Growth ETF by 430.1% in the 4th quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock worth $49,000 after purchasing an additional 1,071 shares in the last quarter. WFA of San Diego LLC bought a new position in shares of Capital Group Growth ETF in the 3rd quarter worth $70,000. Finally, Harbor Investment Advisory LLC bought a new position in shares of Capital Group Growth ETF in the 4th quarter worth $80,000.
Capital Group Growth ETF Stock Up 0.7 %
Shares of CGGR opened at $39.59 on Tuesday. Capital Group Growth ETF has a 12-month low of $29.51 and a 12-month high of $39.95. The business’s fifty day moving average is $38.45 and its 200 day moving average is $35.91. The stock has a market cap of $6.74 billion, a P/E ratio of 28.99 and a beta of 1.22.
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.
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Want to see what other hedge funds are holding CGGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Growth ETF (NYSEARCA:CGGR – Free Report).
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