Brookstone Capital Management Lowers Position in Capital Group Growth ETF $CGGR

Brookstone Capital Management trimmed its position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,712 shares of the company’s stock after selling 12,547 shares during the quarter. Brookstone Capital Management’s holdings in Capital Group Growth ETF were worth $7,681,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in Capital Group Growth ETF by 174.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 319,824 shares of the company’s stock valued at $10,954,000 after purchasing an additional 203,151 shares in the last quarter. Choreo LLC raised its stake in shares of Capital Group Growth ETF by 89.9% during the 2nd quarter. Choreo LLC now owns 16,826 shares of the company’s stock worth $684,000 after buying an additional 7,967 shares in the last quarter. Level Four Advisory Services LLC purchased a new position in shares of Capital Group Growth ETF during the 2nd quarter worth approximately $346,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Capital Group Growth ETF by 19.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 247,893 shares of the company’s stock valued at $10,077,000 after buying an additional 40,137 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of Capital Group Growth ETF in the 2nd quarter valued at approximately $211,000.

Capital Group Growth ETF Price Performance

Capital Group Growth ETF stock opened at $40.19 on Wednesday. The stock’s 50 day moving average price is $42.72 and its 200 day moving average price is $43.73. Capital Group Growth ETF has a 1-year low of $29.23 and a 1-year high of $45.83. The company has a market cap of $17.80 billion, a PE ratio of 30.88 and a beta of 1.17.

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.