International Assets Investment Management LLC Takes $54.02 Million Position in Capital Group Growth ETF (NYSEARCA:CGGR)

International Assets Investment Management LLC acquired a new position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) during the 4th quarter, Holdings Channel.com reports. The firm acquired 191,371 shares of the company’s stock, valued at approximately $54,020,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Winch Advisory Services LLC raised its position in shares of Capital Group Growth ETF by 218.7% during the fourth quarter. Winch Advisory Services LLC now owns 1,463 shares of the company’s stock worth $41,000 after purchasing an additional 1,004 shares during the period. First Horizon Advisors Inc. acquired a new stake in Capital Group Growth ETF during the 3rd quarter worth approximately $46,000. GPS Wealth Strategies Group LLC raised its holdings in Capital Group Growth ETF by 79.3% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 4,259 shares of the company’s stock worth $104,000 after buying an additional 1,884 shares during the period. Axxcess Wealth Management LLC bought a new position in Capital Group Growth ETF in the third quarter valued at approximately $202,000. Finally, SageView Advisory Group LLC bought a new stake in shares of Capital Group Growth ETF during the third quarter worth $203,000.

Capital Group Growth ETF Trading Up 0.9 %

CGGR opened at $30.55 on Friday. The stock has a market capitalization of $5.12 billion, a P/E ratio of 28.76 and a beta of 1.09. Capital Group Growth ETF has a 12 month low of $22.14 and a 12 month high of $32.35. The firm’s fifty day simple moving average is $31.31 and its 200 day simple moving average is $28.71.

Capital Group Growth ETF 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.