Accel Wealth Management Sells 14,517 Shares of Capital Group Growth ETF $CGGR

Accel Wealth Management lowered its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 10.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 118,518 shares of the company’s stock after selling 14,517 shares during the quarter. Capital Group Growth ETF accounts for about 1.3% of Accel Wealth Management’s investment portfolio, making the stock its 19th largest holding. Accel Wealth Management’s holdings in Capital Group Growth ETF were worth $5,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Triumph Capital Management bought a new stake in shares of Capital Group Growth ETF during the 3rd quarter valued at $29,000. Mark Sheptoff Financial Planning LLC increased its position in shares of Capital Group Growth ETF by 88.7% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 1,064 shares of the company’s stock worth $47,000 after purchasing an additional 500 shares during the period. Avion Wealth bought a new position in shares of Capital Group Growth ETF in the fourth quarter worth $68,000. Beacon Financial Strategies CORP acquired a new position in Capital Group Growth ETF in the second quarter valued at about $80,000. Finally, Godfrey Financial Associates Inc. bought a new stake in Capital Group Growth ETF during the fourth quarter worth about $78,000.

Capital Group Growth ETF Stock Down 0.1%

Shares of Capital Group Growth ETF stock opened at $46.94 on Wednesday. The company has a market capitalization of $25.26 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18. Capital Group Growth ETF has a 12-month low of $38.55 and a 12-month high of $48.02. The firm’s 50-day moving average price is $46.10 and its two-hundred day moving average price is $44.49.

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.