Stephens Inc. AR Grows Stock Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Stephens Inc. AR raised its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 333.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 82,902 shares of the company’s stock after buying an additional 63,764 shares during the quarter. Stephens Inc. AR’s holdings in Capital Group Growth ETF were worth $2,839,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital Group Private Client Services Inc. raised its stake in Capital Group Growth ETF by 3.7% in the fourth quarter. Capital Group Private Client Services Inc. now owns 20,095,652 shares of the company’s stock valued at $746,955,000 after buying an additional 714,941 shares during the last quarter. LPL Financial LLC raised its stake in Capital Group Growth ETF by 34.9% in the fourth quarter. LPL Financial LLC now owns 16,775,326 shares of the company’s stock valued at $623,539,000 after buying an additional 4,337,156 shares during the last quarter. Bank of America Corp DE raised its stake in Capital Group Growth ETF by 2.6% in the fourth quarter. Bank of America Corp DE now owns 10,359,956 shares of the company’s stock valued at $385,080,000 after buying an additional 263,848 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Capital Group Growth ETF by 17.0% in the first quarter. Envestnet Asset Management Inc. now owns 8,099,224 shares of the company’s stock worth $277,398,000 after purchasing an additional 1,175,119 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Capital Group Growth ETF by 25.4% in the fourth quarter. Wells Fargo & Company MN now owns 6,763,699 shares of the company’s stock worth $251,407,000 after purchasing an additional 1,368,362 shares during the last quarter.

Capital Group Growth ETF Stock Down 0.4%

Shares of NYSEARCA:CGGR opened at $40.86 on Wednesday. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $41.33. The stock has a market cap of $13.80 billion, a price-to-earnings ratio of 30.88 and a beta of 1.09. The business has a 50-day moving average price of $38.94 and a 200-day moving average price of $37.20.

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.