Capital Group Growth ETF (NYSEARCA:CGGR) Sets New 1-Year High – Time to Buy?

Capital Group Growth ETF (NYSEARCA:CGGR)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $35.67 and last traded at $35.63, with a volume of 124989 shares. The stock had previously closed at $35.44.

Capital Group Growth ETF Trading Down 1.1 %

The firm’s 50-day moving average price is $33.68 and its 200 day moving average price is $32.66. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22.

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. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Capital Group Growth ETF during the 3rd quarter valued at $35,000. GAMMA Investing LLC purchased a new stake in shares of Capital Group Growth ETF during the 2nd quarter valued at $38,000. Fairscale Capital LLC bought a new stake in Capital Group Growth ETF in the second quarter worth about $39,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Capital Group Growth ETF by 146.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,282 shares of the company’s stock worth $41,000 after purchasing an additional 762 shares during the period. Finally, Clear Investment Research LLC bought a new position in shares of Capital Group Growth ETF during the 1st quarter worth $47,000.

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.