New England Capital Financial Advisors LLC Lowers Position in Capital Group Growth ETF $CGGR

New England Capital Financial Advisors LLC lowered its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,393,637 shares of the company’s stock after selling 28,707 shares during the period. Capital Group Growth ETF accounts for approximately 15.3% of New England Capital Financial Advisors LLC’s portfolio, making the stock its 2nd largest holding. New England Capital Financial Advisors LLC owned 0.28% of Capital Group Growth ETF worth $56,010,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Morgan Stanley grew its stake in shares of Capital Group Growth ETF by 94.6% during the fourth quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock valued at $1,195,293,000 after buying an additional 13,065,920 shares during the last quarter. LPL Financial LLC increased its position in Capital Group Growth ETF by 17.7% during the 4th quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock valued at $2,019,429,000 after purchasing an additional 6,814,693 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Capital Group Growth ETF by 31.7% in the 3rd quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock worth $489,487,000 after purchasing an additional 2,680,056 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Capital Group Growth ETF by 26.2% in the 4th quarter. Wells Fargo & Company MN now owns 12,423,660 shares of the company’s stock worth $552,480,000 after purchasing an additional 2,580,345 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Capital Group Growth ETF by 11.5% in the third quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock worth $562,219,000 after purchasing an additional 1,322,744 shares during the last quarter.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA:CGGR opened at $46.53 on Friday. The company has a market cap of $24.44 billion, a P/E ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 1 year low of $38.55 and a 1 year high of $48.02. The stock’s fifty day moving average price is $46.11 and its 200-day moving average price is $44.28.

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.