Cornerstone Wealth Management LLC Grows Stock Position in Capital Group Growth ETF $CGGR

Cornerstone Wealth Management LLC boosted its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 69.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,020 shares of the company’s stock after acquiring an additional 25,522 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Capital Group Growth ETF were worth $2,758,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. raised its position 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 valued at $489,487,000 after purchasing an additional 2,680,056 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Capital Group Growth ETF by 15.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 12,051,258 shares of the company’s stock valued at $529,291,000 after purchasing an additional 1,605,246 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Capital Group Growth ETF by 30.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,999,008 shares of the company’s stock valued at $261,802,000 after purchasing an additional 1,407,884 shares in the last quarter. Bank of America Corp DE raised its position in shares of Capital Group Growth ETF by 11.5% in the 3rd quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock valued at $562,219,000 after purchasing an additional 1,322,744 shares in the last quarter. Finally, Capital Group Private Client Services Inc. raised its position in shares of Capital Group Growth ETF by 5.3% in the 3rd quarter. Capital Group Private Client Services Inc. now owns 23,440,414 shares of the company’s stock valued at $1,029,503,000 after purchasing an additional 1,178,520 shares in the last quarter.

Capital Group Growth ETF Stock Down 1.9%

Shares of CGGR opened at $45.78 on Friday. The business’s 50 day moving average is $42.95 and its two-hundred day moving average is $43.68. Capital Group Growth ETF has a 52-week low of $37.05 and a 52-week high of $46.79. The firm has a market cap of $22.76 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17.

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.