Ameritas Advisory Services LLC Sells 170,447 Shares of Capital Group Growth ETF $CGGR

Ameritas Advisory Services LLC trimmed its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 62.2% in the 4th quarter, Holdings Channel reports. The fund owned 103,423 shares of the company’s stock after selling 170,447 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Capital Group Growth ETF were worth $4,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. WESPAC Advisors LLC acquired a new stake in Capital Group Growth ETF in the third quarter worth about $545,000. Founders Financial Alliance LLC increased its position in Capital Group Growth ETF by 1,656.5% in the third quarter. Founders Financial Alliance LLC now owns 116,142 shares of the company’s stock worth $5,101,000 after purchasing an additional 109,530 shares during the period. Genesis Private Wealth LLC increased its position in Capital Group Growth ETF by 7.6% in the fourth quarter. Genesis Private Wealth LLC now owns 227,232 shares of the company’s stock worth $10,105,000 after purchasing an additional 16,050 shares during the period. Valmark Advisers Inc. increased its position in Capital Group Growth ETF by 51.2% in the fourth quarter. Valmark Advisers Inc. now owns 873,172 shares of the company’s stock worth $38,830,000 after purchasing an additional 295,543 shares during the period. Finally, Adamsbrown Wealth Consultants LLC increased its position in Capital Group Growth ETF by 1.3% in the third quarter. Adamsbrown Wealth Consultants LLC now owns 1,042,361 shares of the company’s stock worth $45,781,000 after purchasing an additional 12,990 shares during the period.

Capital Group Growth ETF Stock Down 0.6%

Shares of CGGR stock opened at $45.95 on Wednesday. The stock has a 50-day moving average price of $42.76 and a 200 day moving average price of $43.65. The firm has a market cap of $22.84 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 12 month low of $37.05 and a 12 month high of $46.43.

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.