HFG Advisors Inc. Raises Stake in Capital Group Growth ETF (NYSEARCA:CGGR)

HFG Advisors Inc. increased its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 67.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 16,127 shares of the company’s stock after buying an additional 6,490 shares during the quarter. HFG Advisors Inc.’s holdings in Capital Group Growth ETF were worth $516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Carolinas Wealth Consulting LLC lifted its holdings in Capital Group Growth ETF by 1.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 44,377 shares of the company’s stock valued at $1,255,000 after purchasing an additional 438 shares during the last quarter. Pinnacle Bancorp Inc. lifted its holdings in Capital Group Growth ETF by 33.3% during the first quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the company’s stock valued at $64,000 after purchasing an additional 500 shares during the last quarter. ST Germain D J Co. Inc. lifted its holdings in Capital Group Growth ETF by 0.7% during the first quarter. ST Germain D J Co. Inc. now owns 75,746 shares of the company’s stock valued at $2,423,000 after purchasing an additional 548 shares during the last quarter. Capital International Investors lifted its holdings in Capital Group Growth ETF by 2.8% during the fourth quarter. Capital International Investors now owns 21,249 shares of the company’s stock valued at $600,000 after purchasing an additional 578 shares during the last quarter. Finally, Meridian Wealth Management LLC lifted its holdings in Capital Group Growth ETF by 1.2% during the fourth quarter. Meridian Wealth Management LLC now owns 49,053 shares of the company’s stock valued at $1,385,000 after purchasing an additional 591 shares during the last quarter.

Capital Group Growth ETF Price Performance

Shares of CGGR traded up $0.05 during midday trading on Monday, hitting $32.94. 655,606 shares of the company traded hands, compared to its average volume of 1,221,877. The stock has a 50-day moving average of $31.85 and a 200-day moving average of $30.67. Capital Group Growth ETF has a one year low of $23.34 and a one year high of $33.32. The firm has a market cap of $5.61 billion, a P/E ratio of 28.99 and a beta of 1.22.

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.