Exchange Traded Concepts LLC Invests $921,000 in Capital Group Growth ETF $CGGR

Exchange Traded Concepts LLC acquired a new position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,655 shares of the company’s stock, valued at approximately $921,000.

A number of other large investors have also bought and sold shares of the stock. LPL Financial LLC grew its holdings in shares of Capital Group Growth ETF by 36.1% during the first quarter. LPL Financial LLC now owns 22,834,860 shares of the company’s stock valued at $782,094,000 after buying an additional 6,059,534 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Capital Group Growth ETF by 13.8% during the first quarter. Commonwealth Equity Services LLC now owns 11,677,554 shares of the company’s stock worth $399,956,000 after purchasing an additional 1,415,798 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Capital Group Growth ETF by 14.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 9,074,492 shares of the company’s stock valued at $310,801,000 after acquiring an additional 1,166,451 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Capital Group Growth ETF by 17.0% in the first quarter. Envestnet Asset Management Inc. now owns 8,099,224 shares of the company’s stock valued at $277,398,000 after acquiring an additional 1,175,119 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in Capital Group Growth ETF by 12.1% in the first quarter. Raymond James Financial Inc. now owns 7,777,757 shares of the company’s stock valued at $266,388,000 after acquiring an additional 839,677 shares during the last quarter.

Capital Group Growth ETF Stock Down 0.9%

NYSEARCA CGGR opened at $44.17 on Wednesday. The company’s 50 day moving average is $42.37 and its 200-day moving average is $38.61. Capital Group Growth ETF has a 12-month low of $29.23 and a 12-month high of $44.71. The firm has a market cap of $15.31 billion, a P/E ratio of 30.88 and a beta of 1.09.

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.