Capital Group Growth ETF (NYSEARCA:CGGR) Hits New 1-Year High – What’s Next?

Shares of Capital Group Growth ETF (NYSEARCA:CGGR) reached a new 52-week high on Tuesday . The stock traded as high as $39.95 and last traded at $39.80, with a volume of 117 shares trading hands. The stock had previously closed at $39.84.

Capital Group Growth ETF Price Performance

The firm has a fifty day moving average of $38.57 and a two-hundred day moving average of $36.17. The stock has a market capitalization of $6.76 billion, a P/E ratio of 28.99 and a beta of 1.22.

Institutional Investors Weigh In On Capital Group Growth ETF

Hedge funds have recently modified their holdings of the business. Capital Group Private Client Services Inc. raised its stake in Capital Group Growth ETF by 3.7% in the fourth quarter. Capital Group Private Client Services Inc. now owns 20,095,652 shares of the company’s stock worth $746,955,000 after buying an additional 714,941 shares in the last quarter. LPL Financial LLC raised its position in shares of Capital Group Growth ETF by 34.9% in the 4th quarter. LPL Financial LLC now owns 16,775,326 shares of the company’s stock worth $623,539,000 after acquiring an additional 4,337,156 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Capital Group Growth ETF by 2.6% during the 4th quarter. Bank of America Corp DE now owns 10,359,956 shares of the company’s stock worth $385,080,000 after purchasing an additional 263,848 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Capital Group Growth ETF by 10.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,261,756 shares of the company’s stock valued at $381,429,000 after purchasing an additional 938,655 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Capital Group Growth ETF in the fourth quarter valued at about $257,888,000.

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.