Envestnet Portfolio Solutions Inc. Buys 47,973 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

Envestnet Portfolio Solutions Inc. lifted its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 30.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,461 shares of the company’s stock after purchasing an additional 47,973 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Capital Group Growth ETF were worth $7,711,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oakworth Capital Inc. bought a new position in shares of Capital Group Growth ETF during the 4th quarter worth about $33,000. Whipplewood Advisors LLC bought a new position in shares of Capital Group Growth ETF during the 4th quarter worth about $33,000. Larson Financial Group LLC bought a new position in shares of Capital Group Growth ETF during the 4th quarter worth about $38,000. Archer Investment Corp lifted its position in Capital Group Growth ETF by 430.1% in the 4th quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock valued at $49,000 after acquiring an additional 1,071 shares in the last quarter. Finally, WFA of San Diego LLC bought a new position in Capital Group Growth ETF in the 3rd quarter valued at about $70,000.

Capital Group Growth ETF Stock Performance

Shares of NYSEARCA CGGR opened at $35.10 on Tuesday. Capital Group Growth ETF has a fifty-two week low of $29.70 and a fifty-two week high of $39.96. The stock has a market cap of $10.06 billion, a price-to-earnings ratio of 28.51 and a beta of 1.16. The firm’s 50-day simple moving average is $37.92 and its 200 day simple moving average is $36.71.

Capital Group Growth ETF 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.