Baird Financial Group Inc. Has $72.76 Million Position in Capital Group Growth ETF $CGGR

Baird Financial Group Inc. grew its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 21.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,789,782 shares of the company’s stock after purchasing an additional 319,582 shares during the quarter. Baird Financial Group Inc. owned approximately 0.52% of Capital Group Growth ETF worth $72,755,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CGGR. Commonwealth Equity Services LLC grew its stake in Capital Group Growth ETF by 6.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 12,435,851 shares of the company’s stock valued at $505,517,000 after buying an additional 758,297 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Capital Group Growth ETF by 29.0% during the second quarter. Envestnet Asset Management Inc. now owns 10,446,012 shares of the company’s stock worth $424,630,000 after acquiring an additional 2,346,788 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Capital Group Growth ETF by 14.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,407,693 shares of the company’s stock valued at $423,073,000 after purchasing an additional 1,333,201 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Capital Group Growth ETF by 12.1% during the first quarter. Raymond James Financial Inc. now owns 7,777,757 shares of the company’s stock worth $266,388,000 after purchasing an additional 839,677 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of Capital Group Growth ETF by 25.2% during the second quarter. Cetera Investment Advisers now owns 6,196,806 shares of the company’s stock worth $251,900,000 after purchasing an additional 1,247,558 shares during the period.

Capital Group Growth ETF Trading Up 0.3%

NYSEARCA:CGGR opened at $44.46 on Friday. The stock has a 50 day simple moving average of $44.00 and a 200 day simple moving average of $42.06. The stock has a market cap of $17.81 billion, a P/E ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 1-year low of $29.23 and a 1-year high of $45.83.

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.