Archer Investment Corp Boosts Holdings in Capital Group Growth ETF (NYSEARCA:CGGR)

Archer Investment Corp increased its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 430.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,320 shares of the company’s stock after acquiring an additional 1,071 shares during the quarter. Archer Investment Corp’s holdings in Capital Group Growth ETF were worth $49,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CGGR. Cassady Schiller Wealth Management LLC purchased a new position in shares of Capital Group Growth ETF during the third quarter worth approximately $25,000. Oakworth Capital Inc. purchased a new position in Capital Group Growth ETF during the 4th quarter worth $33,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Capital Group Growth ETF during the 3rd quarter worth $35,000. WFA of San Diego LLC acquired a new position in Capital Group Growth ETF in the third quarter valued at $70,000. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of Capital Group Growth ETF in the fourth quarter valued at about $80,000.

Capital Group Growth ETF Stock Down 0.7 %

NYSEARCA CGGR opened at $39.32 on Friday. The firm has a market cap of $6.69 billion, a P/E ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a 52-week low of $29.51 and a 52-week high of $39.95. The business’s 50-day moving average price is $38.42 and its 200 day moving average price is $35.82.

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.