Founders Financial Alliance LLC Buys 11,948 Shares of Capital Group Growth ETF $CGGR

Founders Financial Alliance LLC increased its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,090 shares of the company’s stock after buying an additional 11,948 shares during the quarter. Capital Group Growth ETF accounts for 1.1% of Founders Financial Alliance LLC’s investment portfolio, making the stock its 20th largest holding. Founders Financial Alliance LLC’s holdings in Capital Group Growth ETF were worth $5,696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CGGR. Forge Financial Services LLC boosted its position in Capital Group Growth ETF by 14.5% in the fourth quarter. Forge Financial Services LLC now owns 164,701 shares of the company’s stock worth $7,324,000 after purchasing an additional 20,833 shares during the last quarter. Great Valley Advisor Group Inc. boosted its position in Capital Group Growth ETF by 8.9% in the fourth quarter. Great Valley Advisor Group Inc. now owns 1,203,656 shares of the company’s stock worth $53,527,000 after purchasing an additional 98,738 shares during the last quarter. Kovack Advisors Inc. boosted its position in Capital Group Growth ETF by 25.1% in the fourth quarter. Kovack Advisors Inc. now owns 49,869 shares of the company’s stock worth $2,179,000 after purchasing an additional 9,992 shares during the last quarter. Gateway Wealth Partners LLC boosted its position in Capital Group Growth ETF by 38.0% in the fourth quarter. Gateway Wealth Partners LLC now owns 60,581 shares of the company’s stock worth $2,694,000 after purchasing an additional 16,669 shares during the last quarter. Finally, M Holdings Securities Inc. boosted its position in Capital Group Growth ETF by 52.4% in the fourth quarter. M Holdings Securities Inc. now owns 23,000 shares of the company’s stock worth $1,023,000 after purchasing an additional 7,906 shares during the last quarter.

Capital Group Growth ETF Trading Up 2.7%

CGGR stock opened at $45.77 on Friday. The stock’s fifty day simple moving average is $44.86 and its two-hundred day simple moving average is $44.02. Capital Group Growth ETF has a 1-year low of $38.49 and a 1-year high of $48.02. The stock has a market cap of $22.75 billion, a P/E ratio of 30.88 and a beta of 1.17.

About Capital Group Growth ETF

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.