Capital Group Growth ETF $CGGR Stock Position Increased by Summit Investment Advisory Services LLC

Summit Investment Advisory Services LLC increased its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 2.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 958,358 shares of the company’s stock after purchasing an additional 24,286 shares during the period. Capital Group Growth ETF accounts for 11.3% of Summit Investment Advisory Services LLC’s investment portfolio, making the stock its 2nd largest holding. Summit Investment Advisory Services LLC’s holdings in Capital Group Growth ETF were worth $45,455,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust bought a new stake in Capital Group Growth ETF in the second quarter worth $33,000. Trust Co. of Vermont bought a new position in Capital Group Growth ETF during the second quarter valued at $60,000. North Star Investment Management Corp. purchased a new position in shares of Capital Group Growth ETF in the 3rd quarter worth $61,000. Signature Equity Partners LLC grew its stake in shares of Capital Group Growth ETF by 234.8% in the 3rd quarter. Signature Equity Partners LLC now owns 1,483 shares of the company’s stock worth $70,000 after buying an additional 1,040 shares in the last quarter. Finally, Beacon Financial Strategies CORP bought a new stake in shares of Capital Group Growth ETF in the 2nd quarter worth about $80,000.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA:CGGR traded up $0.50 during trading on Friday, hitting $44.80. The company had a trading volume of 4,388,894 shares, compared to its average volume of 3,090,617. The stock has a market cap of $24.87 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18. Capital Group Growth ETF has a one year low of $38.55 and a one year high of $48.69. The company has a fifty day simple moving average of $47.01 and a two-hundred day simple moving average of $45.27.

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.