Optivise Advisory Services LLC Makes New $1.09 Million Investment in Capital Group Growth ETF (NYSEARCA:CGGR)

Optivise Advisory Services LLC bought a new stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 29,202 shares of the company’s stock, valued at approximately $1,085,000.

Other hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC bought a new position in Capital Group Growth ETF during the 4th quarter valued at $25,000. Oakworth Capital Inc. bought a new position in shares of Capital Group Growth ETF during the fourth quarter worth about $33,000. Whipplewood Advisors LLC acquired a new position in Capital Group Growth ETF in the fourth quarter worth about $33,000. Larson Financial Group LLC bought a new stake in Capital Group Growth ETF in the fourth quarter valued at about $38,000. Finally, Archer Investment Corp increased its holdings in Capital Group Growth ETF by 430.1% in the fourth quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock valued at $49,000 after buying an additional 1,071 shares during the last quarter.

Capital Group Growth ETF Stock Down 0.3 %

NYSEARCA:CGGR opened at $32.47 on Monday. The company has a market cap of $9.42 billion, a PE ratio of 27.00 and a beta of 1.17. The business’s 50 day moving average is $35.27 and its two-hundred day moving average is $36.68. Capital Group Growth ETF has a 52 week low of $29.23 and a 52 week high of $39.96.

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.