Gemmer Asset Management LLC Acquires New Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Gemmer Asset Management LLC acquired a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) in the second quarter, Holdings Channel reports. The firm acquired 52,463 shares of the company’s stock, valued at approximately $1,726,000.

A number of other institutional investors have also recently made changes to their positions in the business. Carolinas Wealth Consulting LLC lifted its stake in 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 worth $1,255,000 after acquiring an additional 438 shares during the last quarter. Pinnacle Bancorp Inc. lifted its stake in Capital Group Growth ETF by 33.3% in the first quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the company’s stock worth $64,000 after acquiring an additional 500 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in Capital Group Growth ETF by 4.5% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 11,731 shares of the company’s stock worth $386,000 after acquiring an additional 500 shares during the last quarter. ST Germain D J Co. Inc. lifted its stake in 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 worth $2,423,000 after acquiring an additional 548 shares during the last quarter. Finally, Capital International Investors lifted its position in shares of Capital Group Growth ETF by 2.8% during the 4th quarter. Capital International Investors now owns 21,249 shares of the company’s stock worth $600,000 after buying an additional 578 shares during the last quarter.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA:CGGR traded up $0.63 during trading on Tuesday, hitting $32.57. 1,109,126 shares of the company were exchanged, compared to its average volume of 1,217,259. The stock has a market capitalization of $5.54 billion, a P/E ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a 12-month low of $23.34 and a 12-month high of $34.10. The firm’s 50 day moving average price is $32.73 and its 200-day moving average price is $31.69.

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.