Michael Brady & Co. LLC Makes New $16.43 Million Investment in Capital Group Growth ETF $CGGR

Michael Brady & Co. LLC acquired a new position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 369,494 shares of the company’s stock, valued at approximately $16,431,000. Capital Group Growth ETF makes up approximately 16.4% of Michael Brady & Co. LLC’s investment portfolio, making the stock its largest holding. Michael Brady & Co. LLC owned 0.08% of Capital Group Growth ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gemmer Asset Management LLC grew its position in Capital Group Growth ETF by 0.5% during the 4th quarter. Gemmer Asset Management LLC now owns 49,552 shares of the company’s stock worth $2,204,000 after purchasing an additional 248 shares in the last quarter. Whipplewood Advisors LLC grew its position in Capital Group Growth ETF by 32.5% during the 3rd quarter. Whipplewood Advisors LLC now owns 1,065 shares of the company’s stock worth $47,000 after purchasing an additional 261 shares in the last quarter. Hunter Associates Investment Management LLC grew its position in Capital Group Growth ETF by 1.6% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 19,414 shares of the company’s stock worth $853,000 after purchasing an additional 314 shares in the last quarter. Keystone Financial Services LLC grew its position in Capital Group Growth ETF by 2.1% during the 4th quarter. Keystone Financial Services LLC now owns 16,572 shares of the company’s stock worth $737,000 after purchasing an additional 336 shares in the last quarter. Finally, Cvfg LLC grew its position in Capital Group Growth ETF by 4.4% during the 3rd quarter. Cvfg LLC now owns 8,064 shares of the company’s stock worth $354,000 after purchasing an additional 339 shares in the last quarter.

Capital Group Growth ETF Stock Performance

NYSEARCA CGGR opened at $44.54 on Tuesday. Capital Group Growth ETF has a twelve month low of $31.33 and a twelve month high of $45.83. The stock has a market cap of $21.95 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18. The firm’s 50 day moving average price is $42.18 and its two-hundred day moving average price is $43.55.

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.