Capital Group Growth ETF (NYSEARCA:CGGR) Reaches New 1-Year High – Here’s What Happened

Capital Group Growth ETF (NYSEARCA:CGGR) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.16 and last traded at $39.09, with a volume of 161434 shares changing hands. The stock had previously closed at $38.83.

Capital Group Growth ETF Trading Up 1.0 %

The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22. The firm’s 50 day simple moving average is $36.63 and its 200-day simple moving average is $34.31.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC lifted its stake in shares of Capital Group Growth ETF by 0.9% in the third quarter. Cornerstone Wealth Management LLC now owns 32,782 shares of the company’s stock valued at $1,140,000 after purchasing an additional 301 shares during the period. CreativeOne Wealth LLC boosted its stake in Capital Group Growth ETF by 7.1% in the 3rd quarter. CreativeOne Wealth LLC now owns 6,889 shares of the company’s stock worth $240,000 after buying an additional 458 shares during the last quarter. Bill Few Associates Inc. grew its holdings in Capital Group Growth ETF by 2.6% in the 3rd quarter. Bill Few Associates Inc. now owns 18,365 shares of the company’s stock valued at $639,000 after buying an additional 470 shares during the period. Summit Global Investments increased its stake in shares of Capital Group Growth ETF by 3.3% during the 3rd quarter. Summit Global Investments now owns 14,743 shares of the company’s stock valued at $513,000 after acquiring an additional 470 shares during the last quarter. Finally, Spire Wealth Management lifted its holdings in shares of Capital Group Growth ETF by 1.4% during the 2nd quarter. Spire Wealth Management now owns 39,835 shares of the company’s stock worth $1,310,000 after acquiring an additional 565 shares during the period.

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.