DAVENPORT & Co LLC Grows Stake in Capital Group Growth ETF $CGGR

DAVENPORT & Co LLC increased its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 16.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 443,697 shares of the company’s stock after acquiring an additional 63,418 shares during the period. DAVENPORT & Co LLC’s holdings in Capital Group Growth ETF were worth $19,487,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Banco de Sabadell S.A bought a new stake in shares of Capital Group Growth ETF during the 2nd quarter valued at about $47,000. Trust Co. of Vermont purchased a new position in shares of Capital Group Growth ETF in the second quarter worth approximately $51,000. Armstrong Advisory Group Inc. purchased a new position in shares of Capital Group Growth ETF in the third quarter worth approximately $52,000. Beacon Capital Management LLC bought a new stake in Capital Group Growth ETF during the second quarter valued at approximately $77,000. Finally, WFA of San Diego LLC purchased a new stake in Capital Group Growth ETF during the second quarter valued at approximately $81,000.

Capital Group Growth ETF Trading Up 0.3%

CGGR opened at $45.18 on Thursday. The firm’s 50 day simple moving average is $44.10 and its two-hundred day simple moving average is $42.70. The company has a market capitalization 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.

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.