DAVENPORT & Co LLC Purchases 45,105 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

DAVENPORT & Co LLC raised its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 14.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 352,673 shares of the company’s stock after buying an additional 45,105 shares during the period. DAVENPORT & Co LLC owned 0.12% of Capital Group Growth ETF worth $12,079,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CGGR. Summit Global Investments increased its stake in shares of Capital Group Growth ETF by 2.0% in the fourth quarter. Summit Global Investments now owns 15,043 shares of the company’s stock valued at $559,000 after buying an additional 300 shares in the last quarter. Financial Perspectives Inc increased its position in Capital Group Growth ETF by 0.8% in the 1st quarter. Financial Perspectives Inc now owns 48,308 shares of the company’s stock valued at $1,655,000 after acquiring an additional 406 shares in the last quarter. CRA Financial Services LLC increased its position in Capital Group Growth ETF by 7.6% in the 1st quarter. CRA Financial Services LLC now owns 6,639 shares of the company’s stock valued at $227,000 after acquiring an additional 469 shares in the last quarter. Duncan Williams Asset Management LLC raised its stake in shares of Capital Group Growth ETF by 8.7% in the first quarter. Duncan Williams Asset Management LLC now owns 6,261 shares of the company’s stock worth $214,000 after acquiring an additional 501 shares during the last quarter. Finally, Spire Wealth Management lifted its position in shares of Capital Group Growth ETF by 0.8% during the first quarter. Spire Wealth Management now owns 68,004 shares of the company’s stock worth $2,329,000 after purchasing an additional 551 shares in the last quarter.

Capital Group Growth ETF Price Performance

CGGR opened at $40.45 on Thursday. The stock has a market capitalization of $13.33 billion, a P/E ratio of 30.88 and a beta of 1.18. The company’s 50 day simple moving average is $37.92 and its 200-day simple moving average is $37.05. Capital Group Growth ETF has a one year low of $29.23 and a one year high of $40.73.

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.