Founders Financial Securities LLC Grows Stock Holdings in Capital Group Growth ETF (NYSEARCA:CGGR)

Founders Financial Securities LLC boosted its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 31.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,428 shares of the company’s stock after purchasing an additional 19,150 shares during the quarter. Founders Financial Securities LLC owned about 0.08% of Capital Group Growth ETF worth $2,541,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Carolinas Wealth Consulting LLC raised its stake in shares of Capital Group Growth ETF by 1.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 44,377 shares of the company’s stock valued at $1,255,000 after acquiring an additional 438 shares during the period. Pinnacle Bancorp Inc. raised its stake in shares of Capital Group Growth ETF by 33.3% in the first quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the company’s stock valued at $64,000 after acquiring an additional 500 shares during the period. ST Germain D J Co. Inc. raised its stake in shares of Capital Group Growth ETF by 0.7% in the first quarter. ST Germain D J Co. Inc. now owns 75,746 shares of the company’s stock valued at $2,423,000 after acquiring an additional 548 shares during the period. Capital International Investors raised its stake in shares of Capital Group Growth ETF by 2.8% in the fourth quarter. Capital International Investors now owns 21,249 shares of the company’s stock valued at $600,000 after acquiring an additional 578 shares during the period. Finally, Meridian Wealth Management LLC raised its stake in shares of Capital Group Growth ETF by 1.2% in the fourth quarter. Meridian Wealth Management LLC now owns 49,053 shares of the company’s stock valued at $1,385,000 after acquiring an additional 591 shares during the period.

Capital Group Growth ETF Price Performance

Shares of CGGR traded down $0.18 during midday trading on Friday, hitting $32.89. The stock had a trading volume of 1,594,943 shares, compared to its average volume of 1,226,680. Capital Group Growth ETF has a 1 year low of $23.34 and a 1 year high of $33.32. The firm has a market cap of $5.60 billion, a PE ratio of 28.99 and a beta of 1.22. The stock’s 50 day moving average is $31.85 and its 200 day moving average is $30.65.

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.