Royal Bank of Canada Has $7.48 Million Stock Holdings in Capital Group Growth ETF (NYSEARCA:CGGR)

Royal Bank of Canada grew its position in shares of Capital Group Growth ETF (NYSEARCA:CGGR – Get Rating) by 193.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 383,388 shares of the company’s stock after purchasing an additional 252,581 shares during the quarter. Royal Bank of Canada owned approximately 0.93% of Capital Group Growth ETF worth $7,482,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CGGR. Envestnet Asset Management Inc. acquired a new stake in shares of Capital Group Growth ETF during the first quarter valued at about $351,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Capital Group Growth ETF during the first quarter worth about $1,109,000. Captrust Financial Advisors bought a new position in shares of Capital Group Growth ETF during the first quarter worth about $209,000. Capital International Investors bought a new position in shares of Capital Group Growth ETF during the first quarter worth about $25,035,000. Finally, UBS Group AG bought a new position in shares of Capital Group Growth ETF during the second quarter worth about $492,000.

Capital Group Growth ETF Price Performance

Shares of CGGR opened at $20.96 on Friday. Capital Group Growth ETF has a 1 year low of $18.60 and a 1 year high of $28.37. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 18.26 and a beta of 1.17. The business has a 50-day moving average of $21.72 and a 200-day moving average of $20.97.

About Capital Group Growth ETF

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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.