Sagespring Wealth Partners LLC Grows Stock Position in Capital Group Growth ETF $CGGR

Sagespring Wealth Partners LLC raised its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 330.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 577,712 shares of the company’s stock after purchasing an additional 443,549 shares during the quarter. Sagespring Wealth Partners LLC owned 0.17% of Capital Group Growth ETF worth $23,484,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CGGR. LPL Financial LLC lifted its position in Capital Group Growth ETF by 36.1% in the first quarter. LPL Financial LLC now owns 22,834,860 shares of the company’s stock valued at $782,094,000 after purchasing an additional 6,059,534 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Capital Group Growth ETF by 13.8% in the first quarter. Commonwealth Equity Services LLC now owns 11,677,554 shares of the company’s stock valued at $399,956,000 after purchasing an additional 1,415,798 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in 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 valued at $277,398,000 after purchasing an additional 1,175,119 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Capital Group Growth ETF by 14.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 9,074,492 shares of the company’s stock valued at $310,801,000 after purchasing an additional 1,166,451 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Capital Group Growth ETF by 49.3% in the first quarter. Jones Financial Companies Lllp now owns 3,322,912 shares of the company’s stock valued at $113,975,000 after purchasing an additional 1,097,272 shares during the last quarter.

Capital Group Growth ETF Stock Performance

Shares of CGGR stock opened at $44.02 on Tuesday. Capital Group Growth ETF has a fifty-two week low of $29.23 and a fifty-two week high of $44.71. The stock has a 50 day moving average price of $43.09 and a two-hundred day moving average price of $39.53. The company has a market capitalization of $16.82 billion, a P/E ratio of 30.88 and a beta of 1.09.

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.