Capital Group Growth ETF (NYSEARCA:CGGR) Sets New 52-Week High – What’s Next?

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

Capital Group Growth ETF Price Performance

The business has a 50-day moving average of $38.23 and a 200 day moving average of $35.61. The company has a market cap of $6.69 billion, a PE ratio of 28.99 and a beta of 1.22.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning increased its holdings in Capital Group Growth ETF by 25.5% in the 2nd quarter. Creative Planning now owns 21,858 shares of the company’s stock worth $719,000 after acquiring an additional 4,435 shares in the last quarter. Truist Financial Corp increased its stake in shares of Capital Group Growth ETF by 17.4% in the second quarter. Truist Financial Corp now owns 387,746 shares of the company’s stock worth $12,753,000 after purchasing an additional 57,372 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Capital Group Growth ETF by 9.3% during the 3rd quarter. Park Avenue Securities LLC now owns 17,295 shares of the company’s stock valued at $602,000 after buying an additional 1,471 shares in the last quarter. HBW Advisory Services LLC boosted its holdings in Capital Group Growth ETF by 1.4% in the 3rd quarter. HBW Advisory Services LLC now owns 98,256 shares of the company’s stock worth $3,418,000 after buying an additional 1,316 shares during the period. Finally, Eclectic Associates Inc. ADV increased its stake in Capital Group Growth ETF by 22.2% in the 3rd quarter. Eclectic Associates Inc. ADV now owns 229,552 shares of the company’s stock worth $7,986,000 after buying an additional 41,743 shares in the last quarter.

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.