Merit Financial Group LLC Grows Position in Capital Group Growth ETF $CGGR

Merit Financial Group LLC boosted its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 70.8% in the second quarter, Holdings Channel.com reports. The firm owned 262,942 shares of the company’s stock after buying an additional 108,976 shares during the quarter. Merit Financial Group LLC’s holdings in Capital Group Growth ETF were worth $10,689,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in shares of Capital Group Growth ETF in the 1st quarter worth about $30,000. Rossby Financial LCC bought a new stake in Capital Group Growth ETF during the first quarter worth about $31,000. Trust Co. of Vermont bought a new stake in Capital Group Growth ETF during the second quarter worth about $51,000. CX Institutional bought a new stake in Capital Group Growth ETF during the first quarter worth about $48,000. Finally, Chilton Capital Management LLC purchased a new position in shares of Capital Group Growth ETF during the first quarter valued at approximately $53,000.

Capital Group Growth ETF Stock Performance

CGGR stock opened at $44.24 on Friday. The firm has a 50 day moving average price of $42.78 and a 200-day moving average price of $39.14. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $44.71. The firm has a market capitalization of $16.82 billion, a price-to-earnings ratio of 30.88 and a beta of 1.09.

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.