Capital Group Growth ETF (NYSEARCA:CGGR) Reaches New 1-Year High – Should You Buy?

Capital Group Growth ETF (NYSEARCA:CGGR) hit a new 52-week high on Monday. The stock traded as high as $48.47 and last traded at $48.3180, with a volume of 2410537 shares changing hands. The stock had previously closed at $47.81.

Capital Group Growth ETF Stock Performance

The company has a 50 day moving average price of $46.77 and a 200 day moving average price of $45.51. The company has a market capitalization of $26.51 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CGGR. LPL Financial LLC increased its holdings in shares of Capital Group Growth ETF by 17.7% during the fourth quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock valued at $2,019,429,000 after acquiring an additional 6,814,693 shares in the last quarter. Capital Group Private Client Services Inc. grew its position in Capital Group Growth ETF by 2.5% in the 4th quarter. Capital Group Private Client Services Inc. now owns 24,026,194 shares of the company’s stock valued at $1,068,445,000 after purchasing an additional 585,780 shares during the period. Bank of America Corp DE grew its position in Capital Group Growth ETF by 10.3% in the 1st quarter. Bank of America Corp DE now owns 14,193,836 shares of the company’s stock valued at $570,450,000 after purchasing an additional 1,320,686 shares during the period. Cetera Investment Advisers increased its stake in Capital Group Growth ETF by 19.4% during the 1st quarter. Cetera Investment Advisers now owns 9,800,927 shares of the company’s stock valued at $393,899,000 after purchasing an additional 1,593,112 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Capital Group Growth ETF by 30.1% during the 1st quarter. Royal Bank of Canada now owns 8,428,060 shares of the company’s stock valued at $338,724,000 after purchasing an additional 1,952,001 shares in the last quarter.

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.