Confluence Wealth Services Inc. Has $20.59 Million Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Confluence Wealth Services Inc. increased its position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 11.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 626,063 shares of the company’s stock after acquiring an additional 65,462 shares during the period. Capital Group Growth ETF comprises 1.6% of Confluence Wealth Services Inc.’s holdings, making the stock its 15th largest holding. Confluence Wealth Services Inc. owned approximately 0.37% of Capital Group Growth ETF worth $20,591,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in shares of Capital Group Growth ETF in the 2nd quarter valued at $38,000. Transcendent Capital Group LLC bought a new position in Capital Group Growth ETF in the fourth quarter valued at about $33,000. Whittier Trust Co. of Nevada Inc. raised its stake in Capital Group Growth ETF by 146.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,282 shares of the company’s stock worth $41,000 after acquiring an additional 762 shares in the last quarter. Clear Investment Research LLC acquired a new stake in shares of Capital Group Growth ETF in the 1st quarter valued at approximately $47,000. Finally, FinTrust Capital Advisors LLC bought a new stake in shares of Capital Group Growth ETF during the 4th quarter valued at approximately $42,000.

Capital Group Growth ETF Price Performance

CGGR stock traded up $0.23 during trading on Friday, reaching $33.55. 1,139,487 shares of the company were exchanged, compared to its average volume of 1,193,457. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22. The company has a 50-day moving average of $32.95 and a two-hundred day moving average of $32.00. Capital Group Growth ETF has a twelve month low of $23.34 and a twelve month high of $34.10.

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.