LPL Financial LLC Grows Position in Capital Group Growth ETF (NYSEARCA:CGGR)

LPL Financial LLC lifted its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 34.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,775,326 shares of the company’s stock after purchasing an additional 4,337,156 shares during the quarter. LPL Financial LLC owned about 9.86% of Capital Group Growth ETF worth $623,539,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Sei Investments Co. boosted its holdings in Capital Group Growth ETF by 4.5% during the 4th quarter. Sei Investments Co. now owns 886,279 shares of the company’s stock valued at $32,943,000 after acquiring an additional 38,166 shares during the period. Summit Global Investments boosted its holdings in Capital Group Growth ETF by 2.0% during the 4th quarter. Summit Global Investments now owns 15,043 shares of the company’s stock valued at $559,000 after acquiring an additional 300 shares during the period. Gutierrez Wealth Advisory LLC purchased a new position in Capital Group Growth ETF during the 4th quarter valued at about $12,878,000. Absolute Capital Management LLC purchased a new position in Capital Group Growth ETF during the 4th quarter valued at about $1,914,000. Finally, Axxcess Wealth Management LLC boosted its holdings in Capital Group Growth ETF by 4.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 193,525 shares of the company’s stock valued at $7,193,000 after acquiring an additional 7,835 shares during the period.

Capital Group Growth ETF Price Performance

Shares of Capital Group Growth ETF stock opened at $35.22 on Friday. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 28.51 and a beta of 1.16. The business has a 50-day moving average of $37.70 and a 200 day moving average of $36.73. Capital Group Growth ETF has a 12 month low of $29.70 and a 12 month high of $39.96.

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.