Advance Capital Management Inc. Boosts Stock Holdings in Capital Group Growth ETF $CGGR

Advance Capital Management Inc. grew its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 239.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,860,148 shares of the company’s stock after acquiring an additional 2,017,650 shares during the period. Capital Group Growth ETF comprises about 4.4% of Advance Capital Management Inc.’s portfolio, making the stock its 8th largest holding. Advance Capital Management Inc.’s holdings in Capital Group Growth ETF were worth $114,949,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CGGR. Triumph Capital Management acquired a new position in shares of Capital Group Growth ETF in the 3rd quarter worth $29,000. Mark Sheptoff Financial Planning LLC boosted its position in shares of Capital Group Growth ETF by 88.7% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,064 shares of the company’s stock valued at $47,000 after purchasing an additional 500 shares during the period. Avion Wealth acquired a new position in shares of Capital Group Growth ETF in the 4th quarter valued at $68,000. Godfrey Financial Associates Inc. purchased a new position in Capital Group Growth ETF in the 4th quarter worth about $78,000. Finally, WFA of San Diego LLC acquired a new stake in Capital Group Growth ETF during the 2nd quarter worth about $81,000.

Capital Group Growth ETF Trading Up 1.2%

NYSEARCA CGGR opened at $47.10 on Tuesday. Capital Group Growth ETF has a 1 year low of $38.55 and a 1 year high of $48.02. The company has a market cap of $24.80 billion, a PE ratio of 30.88 and a beta of 1.17. The stock’s 50-day moving average price is $46.17 and its two-hundred day moving average price is $44.30.

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.