Beacon Financial Advisory LLC Boosts Stock Holdings in Capital Group Growth ETF (NYSEARCA:CGGR)

Beacon Financial Advisory LLC lifted its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 18.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,173 shares of the company’s stock after buying an additional 8,986 shares during the period. Capital Group Growth ETF makes up approximately 0.7% of Beacon Financial Advisory LLC’s holdings, making the stock its 26th largest holding. Beacon Financial Advisory LLC’s holdings in Capital Group Growth ETF were worth $2,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital Group Private Client Services Inc. lifted its position in Capital Group Growth ETF by 14.5% in the first quarter. Capital Group Private Client Services Inc. now owns 15,759,357 shares of the company’s stock valued at $504,142,000 after purchasing an additional 1,990,616 shares during the last quarter. LPL Financial LLC raised its holdings in Capital Group Growth ETF by 11.3% during the 2nd quarter. LPL Financial LLC now owns 9,981,257 shares of the company’s stock valued at $328,284,000 after buying an additional 1,016,246 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Capital Group Growth ETF by 4.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 9,323,101 shares of the company’s stock valued at $324,351,000 after buying an additional 359,838 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Capital Group Growth ETF by 3.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,771,174 shares of the company’s stock worth $189,814,000 after acquiring an additional 194,550 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Capital Group Growth ETF by 27.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,077,593 shares of the company’s stock worth $167,002,000 after acquiring an additional 1,099,783 shares during the last quarter.

Capital Group Growth ETF Trading Up 1.6 %

Shares of NYSEARCA:CGGR opened at $35.39 on Wednesday. The company has a 50-day moving average price of $34.42 and a 200-day moving average price of $33.07. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a 12 month low of $24.88 and a 12 month high of $35.92.

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.