PFG Advisors Sells 10,812 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

PFG Advisors trimmed its position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 361,273 shares of the company’s stock after selling 10,812 shares during the period. Capital Group Growth ETF comprises 0.8% of PFG Advisors’ investment portfolio, making the stock its 21st largest position. PFG Advisors’ holdings in Capital Group Growth ETF were worth $13,429,000 at the end of the most recent reporting period.

A number of other hedge funds 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. bought a new position in shares of Capital Group Growth ETF during the 4th quarter valued at $33,000. Whipplewood Advisors LLC purchased a new position in Capital Group Growth ETF in the 4th quarter worth $33,000. Larson Financial Group LLC bought a new stake in Capital Group Growth ETF in the fourth quarter worth $38,000. Finally, Archer Investment Corp boosted its position in Capital Group Growth ETF by 430.1% during the fourth quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock valued at $49,000 after buying an additional 1,071 shares during the period.

Capital Group Growth ETF Trading Up 0.4 %

Shares of NYSEARCA:CGGR opened at $34.20 on Wednesday. The stock has a market capitalization of $9.66 billion, a P/E ratio of 29.74 and a beta of 1.16. The stock’s 50-day moving average price is $38.16 and its 200-day moving average price is $36.68. Capital Group Growth ETF has a 12-month low of $29.70 and a 12-month high of $39.96.

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.