Essex Financial Services Inc. Raises Stake in Capital Group Growth ETF $CGGR

Essex Financial Services Inc. boosted its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 19.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 103,898 shares of the company’s stock after purchasing an additional 16,631 shares during the period. Essex Financial Services Inc.’s holdings in Capital Group Growth ETF were worth $4,620,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CGGR. Goldman Sachs Group Inc. boosted its position in Capital Group Growth ETF by 174.1% in the first quarter. Goldman Sachs Group Inc. now owns 319,824 shares of the company’s stock valued at $10,954,000 after buying an additional 203,151 shares during the last quarter. First Trust Advisors LP purchased a new stake in Capital Group Growth ETF in the second quarter valued at approximately $211,000. Cerity Partners LLC boosted its position in Capital Group Growth ETF by 176.7% in the second quarter. Cerity Partners LLC now owns 66,761 shares of the company’s stock valued at $2,715,000 after buying an additional 42,631 shares during the last quarter. Sei Investments Co. boosted its position in Capital Group Growth ETF by 19.5% in the second quarter. Sei Investments Co. now owns 1,163,011 shares of the company’s stock valued at $47,277,000 after buying an additional 189,933 shares during the last quarter. Finally, Diversify Wealth Management LLC purchased a new stake in Capital Group Growth ETF in the second quarter valued at approximately $320,000.

Capital Group Growth ETF Stock Up 0.4%

Shares of NYSEARCA CGGR opened at $47.73 on Friday. The business’s 50 day moving average price is $43.77 and its 200 day moving average price is $43.81. The firm has a market cap of $23.73 billion, a P/E ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 52 week low of $37.64 and a 52 week high of $47.85.

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.