Capital Group Growth ETF (NYSEARCA:CGGR) Sees Strong Trading Volume – Should You Buy?

Capital Group Growth ETF (NYSEARCA:CGGR) shares saw unusually-high trading volume on Tuesday . Approximately 2,426,329 shares changed hands during mid-day trading, an increase of 38% from the previous session’s volume of 1,754,892 shares.The stock last traded at $31.89 and had previously closed at $30.98.

Capital Group Growth ETF Stock Down 4.2 %

The firm’s 50 day moving average is $36.07 and its 200-day moving average is $36.74. The firm has a market cap of $9.45 billion, a PE ratio of 27.00 and a beta of 1.17.

Institutional Investors Weigh In On Capital Group Growth ETF

A number of institutional investors have recently bought and sold shares of CGGR. Quadrant Capital Group LLC acquired a new position in Capital Group Growth ETF in the fourth quarter valued at $25,000. Oakworth Capital Inc. purchased a new position in shares of Capital Group Growth ETF in the 4th quarter worth about $33,000. Whipplewood Advisors LLC acquired a new position in shares of Capital Group Growth ETF in the 4th quarter valued at about $33,000. Capital A Wealth Management LLC purchased a new stake in shares of Capital Group Growth ETF during the 4th quarter worth about $34,000. Finally, Larson Financial Group LLC acquired a new position in Capital Group Growth ETF during the fourth quarter valued at approximately $38,000.

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.