Capital Group Growth ETF (NYSEARCA:CGGR) Stock Holdings Increased by Summit Investment Advisory Services LLC

Summit Investment Advisory Services LLC increased its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 1.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 804,934 shares of the company’s stock after acquiring an additional 11,108 shares during the period. Capital Group Growth ETF comprises about 14.3% of Summit Investment Advisory Services LLC’s portfolio, making the stock its 3rd biggest position. Summit Investment Advisory Services LLC’s holdings in Capital Group Growth ETF were worth $22,723,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Morgan Stanley acquired a new position in shares of Capital Group Growth ETF in the fourth quarter valued at approximately $32,000. Money Concepts Capital Corp acquired a new position in Capital Group Growth ETF during the fourth quarter worth approximately $34,000. First Horizon Advisors Inc. acquired a new stake in shares of Capital Group Growth ETF in the third quarter worth $46,000. GPS Wealth Strategies Group LLC increased its position in shares of Capital Group Growth ETF by 79.3% in the third quarter. GPS Wealth Strategies Group LLC now owns 4,259 shares of the company’s stock worth $104,000 after acquiring an additional 1,884 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Capital Group Growth ETF by 125.8% in the third quarter. Geneos Wealth Management Inc. now owns 4,306 shares of the company’s stock worth $105,000 after acquiring an additional 2,399 shares in the last quarter.

Capital Group Growth ETF Stock Performance

Shares of CGGR stock traded down $0.17 on Friday, hitting $31.99. The stock had a trading volume of 1,009,731 shares, compared to its average volume of 1,226,920. Capital Group Growth ETF has a 52-week low of $21.75 and a 52-week high of $32.34. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 18.26 and a beta of 1.09. The stock’s 50 day moving average is $30.57 and its 200-day moving average is $27.63.

Capital Group Growth ETF 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.