Confluence Wealth Services Inc. Has $48.87 Million Stake in Capital Group Growth ETF $CGGR

Confluence Wealth Services Inc. lifted its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,098,989 shares of the company’s stock after purchasing an additional 85,709 shares during the quarter. Capital Group Growth ETF accounts for 2.0% of Confluence Wealth Services Inc.’s portfolio, making the stock its 15th largest position. Confluence Wealth Services Inc. owned about 0.25% of Capital Group Growth ETF worth $48,872,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Financial Perspectives Inc raised its stake in shares of Capital Group Growth ETF by 3.3% in the fourth quarter. Financial Perspectives Inc now owns 51,957 shares of the company’s stock valued at $2,311,000 after purchasing an additional 1,684 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of Capital Group Growth ETF in the fourth quarter valued at $20,708,000. Trademark Financial Management LLC acquired a new position in shares of Capital Group Growth ETF in the fourth quarter valued at $397,000. APS Management Group Inc. acquired a new position in shares of Capital Group Growth ETF in the fourth quarter valued at $7,045,000. Finally, Planned Solutions Inc. acquired a new position in shares of Capital Group Growth ETF in the fourth quarter valued at $257,000.

Capital Group Growth ETF Trading Up 1.4%

Shares of NYSEARCA CGGR opened at $44.72 on Thursday. The business has a fifty day simple moving average of $42.22 and a 200 day simple moving average of $43.56. The firm has a market capitalization of $22.03 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18. Capital Group Growth ETF has a one year low of $33.23 and a one year high of $45.83.

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.