Capital Group Growth ETF $CGGR Shares Sold by Main Line Retirement Advisors LLC

Main Line Retirement Advisors LLC trimmed its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 25.4% in the 4th quarter, Holdings Channel reports. The fund owned 327,845 shares of the company’s stock after selling 111,528 shares during the quarter. Capital Group Growth ETF comprises 10.2% of Main Line Retirement Advisors LLC’s portfolio, making the stock its 3rd biggest holding. Main Line Retirement Advisors LLC’s holdings in Capital Group Growth ETF were worth $14,579,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CGGR. Hazlett Burt & Watson Inc. raised its stake in Capital Group Growth ETF by 806.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 562 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Capital Group Growth ETF in the 3rd quarter valued at $25,000. New Millennium Group LLC acquired a new stake in Capital Group Growth ETF in the 3rd quarter worth $25,000. Triumph Capital Management acquired a new stake in Capital Group Growth ETF in the 3rd quarter worth $29,000. Finally, Fifth Third Bancorp increased its holdings in shares of Capital Group Growth ETF by 285.9% during the 3rd quarter. Fifth Third Bancorp now owns 683 shares of the company’s stock worth $30,000 after purchasing an additional 506 shares during the period.

Capital Group Growth ETF Stock Performance

Shares of CGGR opened at $40.41 on Friday. The company has a 50-day simple moving average of $42.47 and a 200-day simple moving average of $43.66. Capital Group Growth ETF has a 52 week low of $29.23 and a 52 week high of $45.83. The firm has a market capitalization of $19.52 billion, a P/E ratio of 30.88 and a beta of 1.17.

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.