Capital Group Growth ETF (NYSEARCA:CGGR) Sets New 52-Week High – Still a Buy?

Capital Group Growth ETF (NYSEARCA:CGGR)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $36.17 and last traded at $36.12, with a volume of 9169 shares traded. The stock had previously closed at $35.39.

Capital Group Growth ETF Trading Up 3.0 %

The firm has a market capitalization of $6.20 billion, a P/E ratio of 28.99 and a beta of 1.22. The firm has a 50-day moving average of $34.42 and a two-hundred day moving average of $33.07.

Hedge Funds Weigh In On Capital Group Growth ETF

A number of large investors have recently modified their holdings of CGGR. Cornerstone Wealth Management LLC lifted its position in Capital Group Growth ETF by 0.9% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 32,782 shares of the company’s stock valued at $1,140,000 after acquiring an additional 301 shares in the last quarter. WealthCare Investment Partners LLC boosted its holdings in Capital Group Growth ETF by 1.2% during the second quarter. WealthCare Investment Partners LLC now owns 30,415 shares of the company’s stock worth $1,000,000 after purchasing an additional 372 shares during the last quarter. Bill Few Associates Inc. increased its position in shares of Capital Group Growth ETF by 2.6% during the third quarter. Bill Few Associates Inc. now owns 18,365 shares of the company’s stock valued at $639,000 after acquiring an additional 470 shares during the last quarter. Summit Global Investments lifted its holdings in Capital Group Growth ETF by 3.3% during the third quarter. Summit Global Investments now owns 14,743 shares of the company’s stock worth $513,000 after acquiring an additional 470 shares during the period. Finally, U.S. Capital Wealth Advisors LLC grew its stake in Capital Group Growth ETF by 4.5% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 11,731 shares of the company’s stock valued at $386,000 after purchasing an additional 500 shares during the period.

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.