Capital Group Growth ETF (NYSEARCA:CGGR) Sees Large Volume Increase – Here’s What Happened

Capital Group Growth ETF (NYSEARCA:CGGR) saw an uptick in trading volume on Tuesday . 2,426,329 shares changed hands during trading, an increase of 38% from the previous session’s volume of 1,754,892 shares.The stock last traded at $31.89 and had previously closed at $30.98.

Capital Group Growth ETF Price Performance

The stock has a fifty day simple moving average of $36.07 and a 200-day simple moving average of $36.74. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 27.00 and a beta of 1.17.

Hedge Funds Weigh In On Capital Group Growth ETF

Several large investors have recently made changes to their positions in CGGR. Northwest Financial Advisors increased its holdings in Capital Group Growth ETF by 1.9% in the fourth quarter. Northwest Financial Advisors now owns 14,892 shares of the company’s stock valued at $554,000 after buying an additional 280 shares in the last quarter. Summit Global Investments grew its position in shares of 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. Professional Financial Advisors LLC increased its stake in shares of Capital Group Growth ETF by 1.0% in the 4th quarter. Professional Financial Advisors LLC now owns 31,361 shares of the company’s stock valued at $1,166,000 after purchasing an additional 304 shares in the last quarter. Stephens Inc. AR increased its stake in shares of Capital Group Growth ETF by 1.6% in the 4th quarter. Stephens Inc. AR now owns 19,138 shares of the company’s stock valued at $711,000 after purchasing an additional 310 shares in the last quarter. Finally, Meridian Wealth Management LLC raised its holdings in Capital Group Growth ETF by 0.5% in the 4th quarter. Meridian Wealth Management LLC now owns 72,699 shares of the company’s stock worth $2,702,000 after purchasing an additional 332 shares during the period.

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.