Founders Financial Securities LLC Has $10.82 Million Stake in Capital Group Growth ETF $CGGR

Founders Financial Securities LLC raised its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 5.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,365 shares of the company’s stock after buying an additional 13,168 shares during the period. Founders Financial Securities LLC’s holdings in Capital Group Growth ETF were worth $10,820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CGGR. Banco de Sabadell S.A acquired a new position in shares of Capital Group Growth ETF during the 2nd quarter valued at about $47,000. Armstrong Advisory Group Inc. bought a new stake in Capital Group Growth ETF during the third quarter worth approximately $52,000. Trust Co. of Vermont bought a new stake in Capital Group Growth ETF during the second quarter worth approximately $51,000. Beacon Capital Management LLC acquired a new position in Capital Group Growth ETF during the second quarter valued at approximately $77,000. Finally, WFA of San Diego LLC acquired a new position in Capital Group Growth ETF during the second quarter valued at approximately $81,000.

Capital Group Growth ETF Trading Up 0.2%

Shares of Capital Group Growth ETF stock opened at $45.03 on Wednesday. The firm has a fifty day simple moving average of $44.08 and a 200-day simple moving average of $42.68. Capital Group Growth ETF has a 1-year low of $29.23 and a 1-year high of $45.83. The stock has a market capitalization of $18.04 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17.

About Capital Group Growth ETF

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.