Kestra Advisory Services LLC Buys 445,273 Shares of Capital Group Growth ETF $CGGR

Kestra Advisory Services LLC boosted its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 17.3% in the first quarter, Holdings Channel reports. The firm owned 3,021,423 shares of the company’s stock after purchasing an additional 445,273 shares during the quarter. Capital Group Growth ETF accounts for about 0.5% of Kestra Advisory Services LLC’s investment portfolio, making the stock its 28th largest position. Kestra Advisory Services LLC’s holdings in Capital Group Growth ETF were worth $121,431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Triumph Capital Management bought a new position in Capital Group Growth ETF in the 3rd quarter valued at about $29,000. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Capital Group Growth ETF by 88.7% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,064 shares of the company’s stock worth $47,000 after acquiring an additional 500 shares during the period. Avion Wealth bought a new stake in shares of Capital Group Growth ETF during the 4th quarter worth approximately $68,000. Godfrey Financial Associates Inc. acquired a new stake in shares of Capital Group Growth ETF during the 4th quarter worth approximately $78,000. Finally, WFA of San Diego LLC acquired a new stake in shares of Capital Group Growth ETF during the 2nd quarter worth approximately $81,000.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA:CGGR opened at $46.99 on Friday. The company’s 50 day simple moving average is $46.29 and its 200 day simple moving average is $44.36. The stock has a market capitalization of $24.82 billion, a price-to-earnings 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.

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.