Capital Group Growth ETF (NYSEARCA:CGGR) Reaches New 52-Week High – Here’s Why

Capital Group Growth ETF (NYSEARCA:CGGR)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $39.48 and last traded at $39.40, with a volume of 3204 shares changing hands. The stock had previously closed at $38.92.

Capital Group Growth ETF Price Performance

The firm has a 50-day moving average of $37.88 and a 200-day moving average of $35.32. The stock has a market cap of $6.70 billion, a PE ratio of 28.99 and a beta of 1.22.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cassady Schiller Wealth Management LLC purchased a new position in shares of Capital Group Growth ETF in the third quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Capital Group Growth ETF during the 3rd quarter valued at $35,000. Hershey Financial Advisers LLC purchased a new stake in Capital Group Growth ETF in the 2nd quarter valued at about $58,000. WFA of San Diego LLC purchased a new stake in Capital Group Growth ETF in the 3rd quarter valued at about $70,000. Finally, Harbor Investment Advisory LLC bought a new position in Capital Group Growth ETF in the 4th quarter worth about $80,000.

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.