Flynn Zito Capital Management LLC Has $8.84 Million Stock Position in Capital Group Growth ETF $CGGR

Flynn Zito Capital Management LLC increased its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 56.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,960 shares of the company’s stock after acquiring an additional 79,706 shares during the period. Capital Group Growth ETF comprises about 2.8% of Flynn Zito Capital Management LLC’s holdings, making the stock its 11th largest holding. Flynn Zito Capital Management LLC’s holdings in Capital Group Growth ETF were worth $8,840,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC grew its stake 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 acquiring an additional 6,814,693 shares in the last quarter. Morgan Stanley lifted its position in shares of Capital Group Growth ETF by 94.6% in the fourth quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock worth $1,195,293,000 after purchasing an additional 13,065,920 shares in the last quarter. Capital Group Private Client Services Inc. lifted its position in shares of Capital Group Growth ETF by 2.5% in the fourth quarter. Capital Group Private Client Services Inc. now owns 24,026,194 shares of the company’s stock worth $1,068,445,000 after purchasing an additional 585,780 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Capital Group Growth ETF by 3.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 13,193,475 shares of the company’s stock worth $586,714,000 after purchasing an additional 485,654 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Capital Group Growth ETF by 11.5% during 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 period.

Capital Group Growth ETF Stock Performance

Shares of CGGR opened at $46.64 on Wednesday. The company has a market capitalization of $24.64 billion, a PE ratio of 30.88 and a beta of 1.17. The company’s 50 day moving average price is $46.41 and its 200 day moving average price is $44.39. Capital Group Growth ETF has a 52 week low of $38.55 and a 52 week high of $48.02.

Capital Group Growth ETF Company 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.