Strategic Financial Concepts LLC Makes New $2.20 Million Investment in Capital Group Growth ETF (NYSEARCA:CGGR)

Strategic Financial Concepts LLC bought a new position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 59,231 shares of the company’s stock, valued at approximately $2,202,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CGGR. Northwest Financial Advisors lifted its holdings in shares of Capital Group Growth ETF by 1.9% during the 4th quarter. Northwest Financial Advisors now owns 14,892 shares of the company’s stock valued at $554,000 after purchasing an additional 280 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Capital Group Growth ETF by 0.9% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 32,782 shares of the company’s stock valued at $1,140,000 after acquiring an additional 301 shares during the period. Professional Financial Advisors LLC increased its position in shares of Capital Group Growth ETF by 1.0% in the 4th quarter. Professional Financial Advisors LLC now owns 31,361 shares of the company’s stock valued at $1,166,000 after acquiring an additional 304 shares during the period. Signet Financial Management LLC increased its position in shares of Capital Group Growth ETF by 0.3% in the 4th quarter. Signet Financial Management LLC now owns 117,769 shares of the company’s stock valued at $4,377,000 after acquiring an additional 382 shares during the period. Finally, CreativeOne Wealth LLC increased its position in shares of Capital Group Growth ETF by 7.1% in the 3rd quarter. CreativeOne Wealth LLC now owns 6,889 shares of the company’s stock valued at $240,000 after acquiring an additional 458 shares during the period.

Capital Group Growth ETF Price Performance

NYSEARCA CGGR opened at $39.59 on Tuesday. The stock’s fifty day moving average price is $38.45 and its 200 day moving average price is $35.91. Capital Group Growth ETF has a 1 year low of $29.51 and a 1 year high of $39.95. The company has a market cap of $6.74 billion, a price-to-earnings 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.