Capital Group Growth ETF $CGGR is Kestra Investment Management LLC’s 10th Largest Position

Kestra Investment Management LLC lifted its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 25.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,099,816 shares of the company’s stock after purchasing an additional 423,231 shares during the period. Capital Group Growth ETF comprises about 2.3% of Kestra Investment Management LLC’s portfolio, making the stock its 10th largest holding. Kestra Investment Management LLC’s holdings in Capital Group Growth ETF were worth $93,379,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Capital Group Private Client Services Inc. increased its stake in shares of Capital Group Growth ETF by 5.3% in the 3rd quarter. Capital Group Private Client Services Inc. now owns 23,440,414 shares of the company’s stock valued at $1,029,503,000 after purchasing an additional 1,178,520 shares in the last quarter. Bank of America Corp DE increased its stake in Capital Group Growth ETF by 11.5% during the 3rd quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock worth $562,219,000 after buying an additional 1,322,744 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Capital Group Growth ETF by 15.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 12,051,258 shares of the company’s stock worth $529,291,000 after buying an additional 1,605,246 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Capital Group Growth ETF by 9.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 11,374,810 shares of the company’s stock worth $499,582,000 after buying an additional 967,117 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in Capital Group Growth ETF by 31.7% during the 3rd quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock worth $489,487,000 after buying an additional 2,680,056 shares in the last quarter.

Capital Group Growth ETF Stock Performance

NYSEARCA:CGGR opened at $46.06 on Tuesday. Capital Group Growth ETF has a 12 month low of $37.05 and a 12 month high of $46.79. The stock has a 50 day moving average of $43.34 and a two-hundred day moving average of $43.71. The firm has a market cap of $22.90 billion, a P/E ratio of 30.88 and a beta of 1.17.

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.