Capital Group Private Client Services Inc. Has $1.07 Billion Stake in Capital Group Growth ETF $CGGR

Capital Group Private Client Services Inc. increased its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,026,194 shares of the company’s stock after acquiring an additional 585,780 shares during the quarter. Capital Group Growth ETF comprises about 17.0% of Capital Group Private Client Services Inc.’s portfolio, making the stock its largest holding. Capital Group Private Client Services Inc. owned approximately 5.42% of Capital Group Growth ETF worth $1,068,445,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE raised its stake in Capital Group Growth ETF by 11.5% during the third quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock valued at $562,219,000 after purchasing an additional 1,322,744 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Capital Group Growth ETF by 6.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 12,136,612 shares of the company’s stock valued at $539,715,000 after purchasing an additional 761,802 shares in the last quarter. Raymond James Financial Inc. raised its stake in Capital Group Growth ETF by 31.7% during the third quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock valued at $489,487,000 after purchasing an additional 2,680,056 shares in the last quarter. UBS Group AG raised its stake in Capital Group Growth ETF by 5.7% during the fourth quarter. UBS Group AG now owns 5,235,698 shares of the company’s stock valued at $232,831,000 after purchasing an additional 283,016 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Capital Group Growth ETF by 16.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 4,363,808 shares of the company’s stock valued at $194,059,000 after purchasing an additional 610,100 shares in the last quarter.

Capital Group Growth ETF Stock Down 4.1%

Capital Group Growth ETF stock opened at $45.28 on Friday. Capital Group Growth ETF has a 52-week low of $38.49 and a 52-week high of $48.02. The company has a market cap of $22.51 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The firm’s fifty day moving average is $44.39 and its 200 day moving average is $43.92.

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.