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

Shares of Capital Group Growth ETF (NYSEARCA:CGGR) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $37.76 and last traded at $37.72, with a volume of 95553 shares trading hands. The stock had previously closed at $37.62.

Capital Group Growth ETF Stock Performance

The company has a 50 day moving average of $34.70 and a 200-day moving average of $33.25. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22.

Institutional Investors Weigh In On Capital Group Growth ETF

A number of hedge funds have recently added to or reduced their stakes in CGGR. Envestnet Portfolio Solutions Inc. increased its position in shares of Capital Group Growth ETF by 10.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 63,577 shares of the company’s stock worth $2,034,000 after acquiring an additional 5,883 shares during the period. Oppenheimer & Co. Inc. lifted its stake in Capital Group Growth ETF by 33.0% in the first quarter. Oppenheimer & Co. Inc. now owns 23,104 shares of the company’s stock worth $739,000 after acquiring an additional 5,735 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in Capital Group Growth ETF by 13.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 250,083 shares of the company’s stock worth $8,000,000 after acquiring an additional 30,439 shares in the last quarter. Koshinski Asset Management Inc. increased its position in shares of Capital Group Growth ETF by 440.2% in the 1st quarter. Koshinski Asset Management Inc. now owns 55,231 shares of the company’s stock valued at $1,767,000 after purchasing an additional 45,007 shares during the last quarter. Finally, Delta Investment Management LLC purchased a new position in Capital Group Growth ETF in the first quarter valued at $6,355,000.

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.