Financial Security Advisor Inc. Sells 67,796 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

Financial Security Advisor Inc. trimmed its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,027,940 shares of the company’s stock after selling 67,796 shares during the period. Capital Group Growth ETF comprises about 19.2% of Financial Security Advisor Inc.’s holdings, making the stock its biggest position. Financial Security Advisor Inc. owned about 1.19% of Capital Group Growth ETF worth $75,379,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. LPL Financial LLC grew its stake in Capital Group Growth ETF by 24.6% in the 3rd quarter. LPL Financial LLC now owns 12,438,170 shares of the company’s stock valued at $432,724,000 after acquiring an additional 2,456,913 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its holdings in shares of Capital Group Growth ETF by 24.7% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,957,191 shares of the company’s stock valued at $102,881,000 after purchasing an additional 586,545 shares in the last quarter. Alpha Financial Advisors LLC acquired a new stake in shares of Capital Group Growth ETF in the fourth quarter valued at approximately $20,431,000. MML Investors Services LLC increased its stake in shares of Capital Group Growth ETF by 20.5% during the 3rd quarter. MML Investors Services LLC now owns 2,688,825 shares of the company’s stock worth $93,544,000 after purchasing an additional 456,991 shares in the last quarter. Finally, Atlas Legacy Advisors LLC acquired a new position in shares of Capital Group Growth ETF during the 4th quarter worth approximately $11,040,000.

Capital Group Growth ETF Stock Performance

CGGR stock opened at $36.64 on Friday. The stock’s 50 day moving average price is $38.53 and its 200 day moving average price is $36.49. The firm has a market cap of $6.24 billion, a P/E ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a 1 year low of $29.70 and a 1 year high of $39.96.

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.