Confluence Wealth Services Inc. Acquires 209,274 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

Confluence Wealth Services Inc. lifted its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 32.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 859,190 shares of the company’s stock after purchasing an additional 209,274 shares during the quarter. Capital Group Growth ETF comprises about 2.2% of Confluence Wealth Services Inc.’s holdings, making the stock its 14th biggest holding. Confluence Wealth Services Inc.’s holdings in Capital Group Growth ETF were worth $34,024,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. LPL Financial LLC grew its stake in shares of Capital Group Growth ETF by 24.6% during the third quarter. LPL Financial LLC now owns 12,438,170 shares of the company’s stock valued at $432,724,000 after purchasing an additional 2,456,913 shares during the last quarter. Summit Investment Advisory Services LLC bought a new position in Capital Group Growth ETF in the 3rd quarter valued at $27,099,000. Signature Estate & Investment Advisors LLC increased its stake in shares of Capital Group Growth ETF by 24.7% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,957,191 shares of the company’s stock valued at $102,881,000 after buying an additional 586,545 shares during the period. Alpha Financial Advisors LLC bought a new stake in shares of Capital Group Growth ETF during the fourth quarter worth $20,431,000. Finally, Raymond James & Associates raised its position in shares of Capital Group Growth ETF by 15.3% during the third quarter. Raymond James & Associates now owns 3,895,362 shares of the company’s stock worth $135,520,000 after acquiring an additional 517,412 shares during the last quarter.

Capital Group Growth ETF Trading Up 1.0 %

Shares of NYSEARCA CGGR opened at $39.40 on Wednesday. Capital Group Growth ETF has a 1 year low of $29.42 and a 1 year high of $39.95. The firm’s 50-day moving average is $38.30 and its 200-day moving average is $35.72. The firm has a market capitalization of $6.71 billion, a PE ratio of 28.99 and a beta of 1.22.

Capital Group Growth ETF Company 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.