Cambridge Investment Research Advisors Inc. Buys 189,619 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

Cambridge Investment Research Advisors Inc. increased its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 8.7% during the fourth quarter, HoldingsChannel reports. The fund owned 2,356,834 shares of the company’s stock after acquiring an additional 189,619 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Capital Group Growth ETF were worth $66,533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Financial Security Advisor Inc. bought a new stake in shares of Capital Group Growth ETF in the 3rd quarter valued at about $48,178,000. Commonwealth Equity Services LLC grew its stake in shares of Capital Group Growth ETF by 20.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,760,438 shares of the company’s stock worth $219,077,000 after acquiring an additional 1,321,699 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Capital Group Growth ETF by 62.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,370,877 shares of the company’s stock worth $66,930,000 after acquiring an additional 908,945 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Capital Group Growth ETF by 27.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,939,064 shares of the company’s stock worth $72,007,000 after acquiring an additional 634,966 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Capital Group Growth ETF by 13.0% during the 3rd quarter. LPL Financial LLC now owns 4,480,464 shares of the company’s stock worth $109,771,000 after acquiring an additional 515,441 shares in the last quarter.

Capital Group Growth ETF Price Performance

Shares of CGGR traded down $0.21 during mid-day trading on Thursday, hitting $31.76. 412,261 shares of the company’s stock were exchanged, compared to its average volume of 1,246,500. The company has a market cap of $5.41 billion, a PE ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a 52 week low of $22.79 and a 52 week high of $32.35. The company has a 50-day simple moving average of $31.43 and a 200 day simple moving average of $29.48.

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.