Centerline Wealth Advisors LLC Has $8.46 Million Stock Position in Capital Group Growth ETF $CGGR

Centerline Wealth Advisors LLC lessened its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 192,564 shares of the company’s stock after selling 13,529 shares during the quarter. Capital Group Growth ETF accounts for approximately 3.7% of Centerline Wealth Advisors LLC’s holdings, making the stock its 14th largest holding. Centerline Wealth Advisors LLC’s holdings in Capital Group Growth ETF were worth $8,457,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGGR. Beacon Financial Group raised its holdings in Capital Group Growth ETF by 21.6% during the 3rd quarter. Beacon Financial Group now owns 300,583 shares of the company’s stock worth $13,202,000 after buying an additional 53,475 shares during the period. Exchange Traded Concepts LLC bought a new stake in shares of Capital Group Growth ETF during the second quarter worth $921,000. Armor Investment Advisors LLC raised its holdings in shares of Capital Group Growth ETF by 0.6% during the second quarter. Armor Investment Advisors LLC now owns 260,313 shares of the company’s stock worth $10,582,000 after acquiring an additional 1,491 shares during the period. Eclectic Associates Inc. ADV raised its holdings in shares of Capital Group Growth ETF by 4.8% during the third quarter. Eclectic Associates Inc. ADV now owns 689,169 shares of the company’s stock worth $30,268,000 after acquiring an additional 31,738 shares during the period. Finally, Lantz Financial LLC lifted its position in Capital Group Growth ETF by 2.5% in the 2nd quarter. Lantz Financial LLC now owns 95,277 shares of the company’s stock valued at $3,873,000 after acquiring an additional 2,356 shares in the last quarter.

Capital Group Growth ETF Trading Up 0.3%

Shares of NYSEARCA CGGR opened at $45.18 on Thursday. The company has a fifty day moving average price of $44.10 and a 200 day moving average price of $42.70. The firm has a market cap of $18.10 billion, a PE ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 1-year low of $29.23 and a 1-year high of $45.83.

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.