Harborfront Financial Group LLC Takes Position in Capital Group Growth ETF $CGGR

Harborfront Financial Group LLC bought a new stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,144 shares of the company’s stock, valued at approximately $807,000. Capital Group Growth ETF comprises 6.0% of Harborfront Financial Group LLC’s investment portfolio, making the stock its 5th largest position.

Several other hedge funds have also recently added to or reduced their stakes in CGGR. Morgan Stanley increased its holdings in shares of Capital Group Growth ETF by 94.6% in the fourth quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock valued at $1,195,293,000 after buying an additional 13,065,920 shares in the last quarter. LPL Financial LLC lifted its position in shares of Capital Group Growth ETF by 17.7% during the 4th quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock valued at $2,019,429,000 after acquiring an additional 6,814,693 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Capital Group Growth ETF by 31.7% during the 3rd quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock valued at $489,487,000 after acquiring an additional 2,680,056 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Capital Group Growth ETF by 26.2% during the 4th quarter. Wells Fargo & Company MN now owns 12,423,660 shares of the company’s stock valued at $552,480,000 after acquiring an additional 2,580,345 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Capital Group Growth ETF by 11.5% during the 3rd quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock valued at $562,219,000 after acquiring an additional 1,322,744 shares during the last quarter.

Capital Group Growth ETF Stock Performance

Shares of NYSEARCA:CGGR opened at $47.09 on Tuesday. Capital Group Growth ETF has a one year low of $38.49 and a one year high of $48.02. The stock has a fifty day moving average of $45.10 and a 200-day moving average of $44.07. The company has a market capitalization of $23.41 billion, a PE ratio of 30.88 and a beta of 1.17.

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.