IMG Wealth Management Inc. Buys 9,985 Shares of Capital Group Growth ETF $CGGR

IMG Wealth Management Inc. boosted its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 9.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 112,047 shares of the company’s stock after acquiring an additional 9,985 shares during the quarter. Capital Group Growth ETF accounts for about 3.5% of IMG Wealth Management Inc.’s portfolio, making the stock its 9th biggest holding. IMG Wealth Management Inc.’s holdings in Capital Group Growth ETF were worth $4,555,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Financial Perspectives Inc grew its stake in Capital Group Growth ETF by 1.4% in the 2nd quarter. Financial Perspectives Inc now owns 48,964 shares of the company’s stock valued at $1,990,000 after acquiring an additional 656 shares during the period. Stephens Inc. AR boosted its stake in Capital Group Growth ETF by 204.5% during the 2nd quarter. Stephens Inc. AR now owns 252,436 shares of the company’s stock worth $10,262,000 after purchasing an additional 169,534 shares during the last quarter. Balboa Wealth Partners acquired a new stake in Capital Group Growth ETF during the 2nd quarter worth $478,000. Burford Brothers Inc. boosted its stake in Capital Group Growth ETF by 6.7% during the 2nd quarter. Burford Brothers Inc. now owns 197,303 shares of the company’s stock worth $8,020,000 after purchasing an additional 12,348 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Capital Group Growth ETF by 24.9% during the 2nd quarter. International Assets Investment Management LLC now owns 16,216 shares of the company’s stock worth $659,000 after purchasing an additional 3,235 shares during the last quarter.

Capital Group Growth ETF Stock Up 1.3%

Shares of CGGR opened at $44.55 on Tuesday. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $44.71. The firm’s fifty day moving average is $43.32 and its two-hundred day moving average is $39.90. The stock has a market cap of $17.07 billion, a PE ratio of 30.88 and a beta of 1.09.

About Capital Group Growth ETF

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.