Capital Group Growth ETF $CGGR Stock: Commonwealth Equity Services LLC Cuts Holdings

Commonwealth Equity Services LLC trimmed its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,192,283 shares of the company’s stock after selling 756,382 shares during the quarter. Capital Group Growth ETF accounts for about 0.8% of Commonwealth Equity Services LLC’s portfolio, making the stock its 16th largest position. Commonwealth Equity Services LLC’s holdings in Capital Group Growth ETF were worth $625,710,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust acquired a new position in Capital Group Growth ETF in the 2nd quarter valued at approximately $33,000. Trust Co. of Vermont bought a new position in shares of Capital Group Growth ETF during the second quarter valued at $60,000. North Star Investment Management Corp. acquired a new position in shares of Capital Group Growth ETF during the third quarter worth $61,000. Signature Equity Partners LLC lifted its holdings in shares of Capital Group Growth ETF by 234.8% during the third quarter. Signature Equity Partners LLC now owns 1,483 shares of the company’s stock worth $70,000 after purchasing an additional 1,040 shares during the period. Finally, Beacon Financial Strategies CORP acquired a new position in shares of Capital Group Growth ETF during the second quarter worth $80,000.

Capital Group Growth ETF Stock Down 4.7%

Shares of Capital Group Growth ETF stock opened at $44.30 on Friday. Capital Group Growth ETF has a twelve month low of $38.55 and a twelve month high of $48.69. The stock has a market cap of $24.70 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18. The company’s fifty day moving average is $47.06 and its 200 day moving average is $45.26.

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.