Capital Management Associates Inc Boosts Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Capital Management Associates Inc grew its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,423 shares of the company’s stock after buying an additional 2,139 shares during the period. Capital Management Associates Inc’s holdings in Capital Group Growth ETF were worth $833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CGGR. Cassady Schiller Wealth Management LLC bought a new stake in Capital Group Growth ETF in the 3rd quarter worth approximately $25,000. Oakworth Capital Inc. purchased a new position in Capital Group Growth ETF in the 4th quarter worth approximately $33,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Capital Group Growth ETF during the third quarter valued at about $35,000. Archer Investment Corp increased its position in Capital Group Growth ETF by 430.1% in the fourth quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock worth $49,000 after purchasing an additional 1,071 shares during the last quarter. Finally, WFA of San Diego LLC purchased a new stake in Capital Group Growth ETF during the third quarter valued at approximately $70,000.

Capital Group Growth ETF Stock Performance

CGGR opened at $39.32 on Friday. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a one year low of $29.51 and a one year high of $39.95. The stock’s 50 day moving average price is $38.42 and its 200-day moving average price is $35.82.

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.