Townsend Asset Management Corp NC ADV Boosts Stock Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Townsend Asset Management Corp NC ADV boosted its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 0.8% in the 4th quarter, HoldingsChannel reports. The firm owned 130,497 shares of the company’s stock after purchasing an additional 1,004 shares during the period. Capital Group Growth ETF makes up about 1.8% of Townsend Asset Management Corp NC ADV’s holdings, making the stock its 15th largest holding. Townsend Asset Management Corp NC ADV’s holdings in Capital Group Growth ETF were worth $4,851,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in shares of Capital Group Growth ETF by 24.6% during the 3rd quarter. LPL Financial LLC now owns 12,438,170 shares of the company’s stock worth $432,724,000 after purchasing an additional 2,456,913 shares during the period. Raymond James Financial Inc. purchased a new position in Capital Group Growth ETF during the fourth quarter worth about $257,888,000. Signature Estate & Investment Advisors LLC lifted its position in Capital Group Growth ETF by 24.7% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,957,191 shares of the company’s stock worth $102,881,000 after buying an additional 586,545 shares during the period. MML Investors Services LLC boosted its stake in Capital Group Growth ETF by 20.5% in the 3rd quarter. MML Investors Services LLC now owns 2,688,825 shares of the company’s stock worth $93,544,000 after buying an additional 456,991 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Capital Group Growth ETF by 49.7% in the 4th quarter. Jones Financial Companies Lllp now owns 2,225,640 shares of the company’s stock valued at $82,727,000 after buying an additional 739,257 shares during the period.

Capital Group Growth ETF Price Performance

Shares of CGGR stock opened at $36.70 on Thursday. The firm’s 50-day simple moving average is $38.43 and its 200-day simple moving average is $36.62. Capital Group Growth ETF has a 1-year low of $29.70 and a 1-year high of $39.96. The firm has a market cap of $10.36 billion, a P/E ratio of 29.74 and a beta of 1.16.

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.