Capital Group Growth ETF $CGGR Shares Sold by Beacon Financial Group

Beacon Financial Group lowered its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 18.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 246,293 shares of the company’s stock after selling 56,083 shares during the period. Capital Group Growth ETF accounts for 1.0% of Beacon Financial Group’s holdings, making the stock its 24th biggest position. Beacon Financial Group’s holdings in Capital Group Growth ETF were worth $9,899,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CGGR. Morgan Stanley grew its stake in Capital Group Growth ETF by 94.6% during the 4th quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock valued at $1,195,293,000 after purchasing an additional 13,065,920 shares during the last quarter. LPL Financial LLC raised its stake in shares of Capital Group Growth ETF by 17.7% in the fourth quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock worth $2,019,429,000 after purchasing an additional 6,814,693 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Capital Group Growth ETF by 31.7% in the third quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock worth $489,487,000 after purchasing an additional 2,680,056 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Capital Group Growth ETF by 26.2% during the fourth quarter. Wells Fargo & Company MN now owns 12,423,660 shares of the company’s stock worth $552,480,000 after purchasing an additional 2,580,345 shares during the period. Finally, Advance Capital Management Inc. lifted its holdings in shares of Capital Group Growth ETF by 239.5% during the first quarter. Advance Capital Management Inc. now owns 2,860,148 shares of the company’s stock worth $114,949,000 after purchasing an additional 2,017,650 shares during the period.

Capital Group Growth ETF Stock Up 1.3%

Shares of NYSEARCA CGGR opened at $46.99 on Friday. Capital Group Growth ETF has a 52 week low of $38.55 and a 52 week high of $48.02. The business’s 50 day moving average price is $46.29 and its 200 day moving average price is $44.36. The firm has a market cap of $24.82 billion, a P/E ratio of 30.88 and a beta of 1.17.

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.