Sovran Advisors LLC Purchases Shares of 204,951 Capital Group Growth ETF (NYSEARCA:CGGR)

Sovran Advisors LLC purchased a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 204,951 shares of the company’s stock, valued at approximately $7,626,000. Capital Group Growth ETF makes up about 1.1% of Sovran Advisors LLC’s holdings, making the stock its 17th biggest position. Sovran Advisors LLC owned about 0.12% of Capital Group Growth ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CGGR. Cassady Schiller Wealth Management LLC acquired a new stake in shares of Capital Group Growth ETF in the third quarter valued at approximately $25,000. Oakworth Capital Inc. acquired a new stake in shares of Capital Group Growth ETF in the fourth quarter valued at approximately $33,000. Archer Investment Corp raised its holdings in shares of Capital Group Growth ETF by 430.1% in the fourth quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock valued at $49,000 after purchasing an additional 1,071 shares during the last quarter. WFA of San Diego LLC acquired a new stake in shares of Capital Group Growth ETF in the third quarter valued at approximately $70,000. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of Capital Group Growth ETF in the fourth quarter valued at approximately $80,000.

Capital Group Growth ETF Stock Up 0.7 %

NYSEARCA CGGR opened at $39.59 on Tuesday. Capital Group Growth ETF has a 12-month low of $29.51 and a 12-month high of $39.95. The company has a market capitalization of $6.74 billion, a PE ratio of 28.99 and a beta of 1.22. The firm’s 50 day moving average is $38.45 and its 200-day moving average is $35.91.

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.