Essex Financial Services Inc. Raises Stake in Capital Group Growth ETF $CGGR

Essex Financial Services Inc. lifted its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 19.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,898 shares of the company’s stock after acquiring an additional 16,631 shares during the quarter. Essex Financial Services Inc.’s holdings in Capital Group Growth ETF were worth $4,620,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CGGR. Hazlett Burt & Watson Inc. grew its stake in shares of Capital Group Growth ETF by 806.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 562 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Capital Group Growth ETF during the third quarter worth about $25,000. New Millennium Group LLC purchased a new stake in shares of Capital Group Growth ETF during the third quarter worth about $25,000. Triumph Capital Management purchased a new stake in shares of Capital Group Growth ETF during the third quarter worth about $29,000. Finally, Fifth Third Bancorp grew its stake in shares of Capital Group Growth ETF by 285.9% during the third quarter. Fifth Third Bancorp now owns 683 shares of the company’s stock worth $30,000 after acquiring an additional 506 shares during the last quarter.

Capital Group Growth ETF Stock Performance

Shares of CGGR stock opened at $47.73 on Friday. Capital Group Growth ETF has a fifty-two week low of $37.64 and a fifty-two week high of $47.85. The firm has a market capitalization of $23.73 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The stock’s 50-day simple moving average is $43.77 and its 200-day simple moving average is $43.81.

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.