Strategic Financial Concepts LLC Makes New $2.20 Million Investment in Capital Group Growth ETF (NYSEARCA:CGGR)

Strategic Financial Concepts LLC bought a new position in Capital Group Growth ETF (NYSEARCA:CGGR) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 59,231 shares of the company’s stock, valued at approximately $2,202,000.

A number of other institutional investors have also bought and sold shares of CGGR. Cassady Schiller Wealth Management LLC acquired a new stake in shares of Capital Group Growth ETF during the 3rd quarter worth approximately $25,000. Oakworth Capital Inc. acquired a new stake in shares of Capital Group Growth ETF during the 4th quarter worth approximately $33,000. WFA of San Diego LLC acquired a new stake in shares of Capital Group Growth ETF during the 3rd quarter worth approximately $70,000. Harbor Investment Advisory LLC acquired a new stake in shares of Capital Group Growth ETF during the 4th quarter worth approximately $80,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Capital Group Growth ETF during the 3rd quarter worth approximately $95,000.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA CGGR opened at $39.59 on Tuesday. The company has a 50 day simple moving average of $38.45 and a 200-day simple moving average of $35.91. The company has a market capitalization of $6.74 billion, a P/E ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a 1 year low of $29.51 and a 1 year high of $39.95.

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.