Adamsbrown Wealth Consultants LLC Acquires 87,390 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

Adamsbrown Wealth Consultants LLC grew its position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 10.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 917,387 shares of the company’s stock after purchasing an additional 87,390 shares during the period. Capital Group Growth ETF makes up about 9.9% of Adamsbrown Wealth Consultants LLC’s holdings, making the stock its 2nd largest holding. Adamsbrown Wealth Consultants LLC owned about 0.32% of Capital Group Growth ETF worth $31,421,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Capital Group Growth ETF during the fourth quarter worth $257,888,000. LPL Financial LLC increased its position in shares of Capital Group Growth ETF by 34.9% during the fourth 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 during the period. Leigh Baldwin & CO. LLC purchased a new stake in shares of Capital Group Growth ETF during the fourth quarter worth $63,610,000. WNY Asset Management LLC increased its position in shares of Capital Group Growth ETF by 2,003.1% during the fourth quarter. WNY Asset Management LLC now owns 1,613,840 shares of the company’s stock worth $59,986,000 after acquiring an additional 1,537,104 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Capital Group Growth ETF by 25.4% during the fourth quarter. Wells Fargo & Company MN now owns 6,763,699 shares of the company’s stock worth $251,407,000 after acquiring an additional 1,368,362 shares during the period.

Capital Group Growth ETF Trading Down 0.6%

Capital Group Growth ETF stock opened at $38.58 on Friday. The firm has a market capitalization of $12.07 billion, a P/E ratio of 29.42 and a beta of 1.16. The stock’s fifty day simple moving average is $35.34 and its 200-day simple moving average is $36.86. Capital Group Growth ETF has a twelve month low of $29.23 and a twelve 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.