Capital Group Growth ETF (NYSEARCA:CGGR) Hits New 1-Year High at $33.38

Capital Group Growth ETF (NYSEARCA:CGGR) hit a new 52-week high on Wednesday . The stock traded as high as $33.38 and last traded at $33.37, with a volume of 90934 shares trading hands. The stock had previously closed at $33.26.

Capital Group Growth ETF Trading Up 0.3 %

The company’s fifty day simple moving average is $31.95 and its 200 day simple moving average is $30.74. The stock has a market capitalization of $5.68 billion, a P/E ratio of 28.99 and a beta of 1.22.

Institutional Investors Weigh In On Capital Group Growth ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Group Private Client Services Inc. lifted its holdings in shares of 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 worth $504,142,000 after buying an additional 1,990,616 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Capital Group Growth ETF by 8.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 8,427,012 shares of the company’s stock valued at $269,580,000 after purchasing an additional 666,574 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Capital Group Growth ETF by 13.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,324,688 shares of the company’s stock valued at $93,856,000 after purchasing an additional 385,624 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Capital Group Growth ETF by 424.0% in the 1st quarter. Cetera Investment Advisers now owns 2,561,854 shares of the company’s stock valued at $81,954,000 after purchasing an additional 2,072,971 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Capital Group Growth ETF by 5.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,481,505 shares of the company’s stock valued at $79,383,000 after acquiring an additional 124,671 shares in the last quarter.

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.