Capital Group Growth ETF (NYSEARCA:CGGR) Reaches New 12-Month High – Here’s Why

Capital Group Growth ETF (NYSEARCA:CGGR) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $41.00 and last traded at $39.38, with a volume of 2537 shares traded. The stock had previously closed at $39.03.

Capital Group Growth ETF Stock Down 0.2 %

The firm has a market capitalization of $6.69 billion, a P/E ratio of 28.99 and a beta of 1.22. The business’s 50 day moving average is $38.23 and its 200-day moving average is $35.61.

Institutional Investors Weigh In On Capital Group Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of CGGR. Cassady Schiller Wealth Management LLC bought a new stake in shares of Capital Group Growth ETF in the third quarter worth $25,000. Oakworth Capital Inc. acquired a new stake in shares of Capital Group Growth ETF in the fourth quarter valued at about $33,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Capital Group Growth ETF during the third quarter worth about $35,000. Archer Investment Corp raised its position in shares of Capital Group Growth ETF by 430.1% during the fourth quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock worth $49,000 after acquiring an additional 1,071 shares during the last quarter. Finally, WFA of San Diego LLC acquired a new position in shares of Capital Group Growth ETF in the third quarter worth approximately $70,000.

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.