Capital Group Growth ETF $CGGR Stock Sold by Valley National Advisers Inc.

Valley National Advisers Inc. trimmed its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 537,517 shares of the company’s stock after selling 15,580 shares during the quarter. Capital Group Growth ETF comprises 2.8% of Valley National Advisers Inc.’s investment portfolio, making the stock its 9th biggest holding. Valley National Advisers Inc. owned 0.10% of Capital Group Growth ETF worth $25,494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CGGR. Canandaigua National Trust Co of Florida acquired a new position in Capital Group Growth ETF in the 3rd quarter valued at $1,470,000. Stonebridge Financial Group LLC raised its position in Capital Group Growth ETF by 5.9% during the 3rd quarter. Stonebridge Financial Group LLC now owns 469,504 shares of the company’s stock worth $22,269,000 after buying an additional 26,343 shares during the last quarter. Private Client Services LLC acquired a new stake in shares of Capital Group Growth ETF in the 2nd quarter worth $1,297,000. DAVENPORT & Co LLC lifted its stake in shares of Capital Group Growth ETF by 18.8% in the 2nd quarter. DAVENPORT & Co LLC now owns 600,338 shares of the company’s stock worth $28,336,000 after acquiring an additional 94,900 shares during the period. Finally, Stephens Inc. AR lifted its stake in shares of Capital Group Growth ETF by 44.3% in the 1st quarter. Stephens Inc. AR now owns 441,078 shares of the company’s stock worth $17,727,000 after acquiring an additional 135,341 shares during the period.

Capital Group Growth ETF Stock Down 0.5%

Shares of NYSEARCA:CGGR opened at $45.93 on Friday. The company has a market cap of $25.39 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18. The firm’s 50-day simple moving average is $47.21 and its 200-day simple moving average is $46.21. Capital Group Growth ETF has a fifty-two week low of $38.55 and a fifty-two week high of $48.69.

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.