Financial Management Network Inc. Buys 25,965 Shares of Capital Group Growth ETF $CGGR

Financial Management Network Inc. raised its position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 24.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 133,991 shares of the company’s stock after purchasing an additional 25,965 shares during the quarter. Financial Management Network Inc.’s holdings in Capital Group Growth ETF were worth $5,632,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of Capital Group Growth ETF by 17.7% during the fourth quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock worth $2,019,429,000 after buying an additional 6,814,693 shares during the period. Morgan Stanley lifted its holdings in Capital Group Growth ETF by 94.6% in the fourth quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock valued at $1,195,293,000 after buying an additional 13,065,920 shares during the period. Capital Group Private Client Services Inc. lifted its holdings in Capital Group Growth ETF by 2.5% in the fourth quarter. Capital Group Private Client Services Inc. now owns 24,026,194 shares of the company’s stock valued at $1,068,445,000 after buying an additional 585,780 shares during the period. Commonwealth Equity Services LLC boosted its position in Capital Group Growth ETF by 3.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 13,193,475 shares of the company’s stock valued at $586,714,000 after acquiring an additional 485,654 shares during the last quarter. Finally, Bank of America Corp DE boosted its position 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 acquiring an additional 1,322,744 shares during the last quarter.

Capital Group Growth ETF Trading Down 0.6%

Shares of Capital Group Growth ETF stock opened at $46.70 on Tuesday. The business has a 50-day moving average price of $45.66 and a two-hundred day moving average price of $44.16. Capital Group Growth ETF has a 1-year low of $38.49 and a 1-year high of $48.02. The company has a market cap of $23.21 billion, a P/E ratio of 30.88 and a beta of 1.17.

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.