Northwest Financial Advisors Increases Stock Position in Capital Group Growth ETF $CGGR

Northwest Financial Advisors increased its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 93.8% during the first quarter, HoldingsChannel.com reports. The fund owned 31,958 shares of the company’s stock after buying an additional 15,469 shares during the period. Capital Group Growth ETF makes up approximately 2.5% of Northwest Financial Advisors’ holdings, making the stock its 12th largest holding. Northwest Financial Advisors’ holdings in Capital Group Growth ETF were worth $1,284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CGGR. Triumph Capital Management purchased a new position in Capital Group Growth ETF during the 3rd quarter worth $29,000. Mark Sheptoff Financial Planning LLC increased its stake in Capital Group Growth ETF by 88.7% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 1,064 shares of the company’s stock valued at $47,000 after purchasing an additional 500 shares during the period. Avion Wealth purchased a new stake in shares of Capital Group Growth ETF in the fourth quarter valued at about $68,000. Godfrey Financial Associates Inc. purchased a new stake in shares of Capital Group Growth ETF in the fourth quarter valued at about $78,000. Finally, WFA of San Diego LLC acquired a new stake in shares of Capital Group Growth ETF during the second quarter worth about $81,000.

Capital Group Growth ETF Stock Performance

Shares of CGGR opened at $47.07 on Thursday. Capital Group Growth ETF has a fifty-two week low of $38.55 and a fifty-two week high of $48.02. The firm has a 50-day simple moving average of $46.02 and a 200-day simple moving average of $44.24. The company has a market capitalization of $24.72 billion, a price-to-earnings 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.