Tennessee Valley Asset Management Partners Takes Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Tennessee Valley Asset Management Partners acquired a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,158 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Commonwealth Equity Services LLC increased its position in shares of Capital Group Growth ETF by 124.6% in the third quarter. Commonwealth Equity Services LLC now owns 6,438,739 shares of the company’s stock valued at $157,749,000 after buying an additional 3,571,987 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Capital Group Growth ETF by 13.0% in the third quarter. LPL Financial LLC now owns 4,480,464 shares of the company’s stock worth $109,771,000 after acquiring an additional 515,441 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Capital Group Growth ETF by 27.6% in the third quarter. Envestnet Asset Management Inc. now owns 2,939,064 shares of the company’s stock worth $72,007,000 after acquiring an additional 634,966 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Capital Group Growth ETF by 6.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,167,215 shares of the company’s stock worth $53,097,000 after acquiring an additional 123,359 shares during the last quarter. Finally, Financial Security Advisor Inc. boosted its stake in shares of Capital Group Growth ETF by 3.0% in the fourth quarter. Financial Security Advisor Inc. now owns 2,024,678 shares of the company’s stock worth $57,157,000 after acquiring an additional 58,234 shares during the last quarter.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA:CGGR opened at $30.81 on Wednesday. The business’s 50 day moving average price is $31.27 and its 200-day moving average price is $28.50. The firm has a market capitalization of $5.17 billion, a PE ratio of 28.76 and a beta of 1.09. Capital Group Growth ETF has a 1 year low of $21.83 and a 1 year high of $32.35.

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.