Janney Montgomery Scott LLC Grows Stake in Capital Group Growth ETF (NYSEARCA:CGGR)

Janney Montgomery Scott LLC increased its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 1.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 878,713 shares of the company’s stock after purchasing an additional 12,235 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Capital Group Growth ETF were worth $32,662,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CGGR. Westside Investment Management Inc. increased its stake in Capital Group Growth ETF by 650.0% in the fourth quarter. Westside Investment Management Inc. now owns 4,875 shares of the company’s stock valued at $181,000 after purchasing an additional 4,225 shares during the period. Magnus Financial Group LLC raised its stake in Capital Group Growth ETF by 5.6% during the 4th quarter. Magnus Financial Group LLC now owns 85,680 shares of the company’s stock valued at $3,185,000 after acquiring an additional 4,519 shares during the last quarter. Genesis Private Wealth LLC acquired a new stake in Capital Group Growth ETF during the 4th quarter worth approximately $7,189,000. Oxinas Partners Wealth Management LLC purchased a new position in shares of Capital Group Growth ETF in the 4th quarter valued at approximately $570,000. Finally, Signature Resources Capital Management LLC raised its stake in shares of Capital Group Growth ETF by 4.6% during the fourth quarter. Signature Resources Capital Management LLC now owns 56,622 shares of the company’s stock worth $2,105,000 after purchasing an additional 2,500 shares during the last quarter.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA CGGR opened at $39.60 on Friday. The company has a market cap of $6.74 billion, a PE ratio of 28.99 and a beta of 1.22. The stock has a fifty day moving average price of $37.97 and a 200 day moving average price of $35.38. Capital Group Growth ETF has a 1-year low of $28.78 and a 1-year high of $39.60.

Capital Group Growth ETF 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.