Capital Group Growth ETF (NYSEARCA:CGGR) Reaches New 12-Month High – Should You Buy?

Capital Group Growth ETF (NYSEARCA:CGGR) reached a new 52-week high on Tuesday . The stock traded as high as $39.95 and last traded at $39.80, with a volume of 117 shares changing hands. The stock had previously closed at $39.84.

Capital Group Growth ETF Price Performance

The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22. The stock has a 50 day moving average price of $38.57 and a 200-day moving average price of $36.17.

Hedge Funds Weigh In On Capital Group Growth ETF

Several hedge funds and other institutional investors have recently modified their holdings of CGGR. Northwest Financial Advisors raised its holdings in Capital Group Growth ETF by 1.9% in the 4th quarter. Northwest Financial Advisors now owns 14,892 shares of the company’s stock valued at $554,000 after acquiring an additional 280 shares during the last quarter. Summit Global Investments grew its position in shares of Capital Group Growth ETF by 2.0% in the fourth quarter. Summit Global Investments now owns 15,043 shares of the company’s stock valued at $559,000 after purchasing an additional 300 shares in the last quarter. Professional Financial Advisors LLC increased its holdings in shares of Capital Group Growth ETF by 1.0% in the fourth quarter. Professional Financial Advisors LLC now owns 31,361 shares of the company’s stock valued at $1,166,000 after purchasing an additional 304 shares during the last quarter. Stephens Inc. AR lifted its position in Capital Group Growth ETF by 1.6% during the fourth quarter. Stephens Inc. AR now owns 19,138 shares of the company’s stock worth $711,000 after buying an additional 310 shares in the last quarter. Finally, Meridian Wealth Management LLC boosted its stake in Capital Group Growth ETF by 0.5% during the fourth quarter. Meridian Wealth Management LLC now owns 72,699 shares of the company’s stock worth $2,702,000 after buying an additional 332 shares during 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.