Prosperity Wealth Management Inc. Makes New $214,000 Investment in Capital Group Growth ETF (NYSEARCA:CGGR)

Prosperity Wealth Management Inc. purchased a new position in Capital Group Growth ETF (NYSEARCA:CGGR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,765 shares of the company’s stock, valued at approximately $214,000.

Several other large investors also recently modified their holdings of CGGR. Cassady Schiller Wealth Management LLC bought a new stake in shares of Capital Group Growth ETF in the third quarter worth about $25,000. Oakworth Capital Inc. bought a new position in shares of Capital Group Growth ETF during the fourth quarter worth about $33,000. Whipplewood Advisors LLC bought a new position in shares of Capital Group Growth ETF during the fourth quarter worth about $33,000. Larson Financial Group LLC bought a new position in shares of Capital Group Growth ETF during the fourth quarter worth about $38,000. Finally, Archer Investment Corp grew its holdings in shares of Capital Group Growth ETF by 430.1% during the fourth quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock worth $49,000 after buying an additional 1,071 shares in the last quarter.

Capital Group Growth ETF Stock Performance

NYSEARCA:CGGR opened at $34.75 on Thursday. The company has a market cap of $9.81 billion, a PE ratio of 29.74 and a beta of 1.16. Capital Group Growth ETF has a 52-week low of $29.70 and a 52-week high of $39.96. The stock has a 50-day simple moving average of $38.11 and a 200 day simple moving average of $36.66.

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.