DAVENPORT & Co LLC Increases Holdings in Capital Group Growth ETF $CGGR

DAVENPORT & Co LLC raised its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 464,503 shares of the company’s stock after purchasing an additional 20,806 shares during the quarter. DAVENPORT & Co LLC owned about 0.11% of Capital Group Growth ETF worth $20,656,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its stake in shares of Capital Group Growth ETF by 32.5% in the third quarter. Whipplewood Advisors LLC now owns 1,065 shares of the company’s stock valued at $47,000 after buying an additional 261 shares in the last quarter. Hunter Associates Investment Management LLC raised its holdings in shares of Capital Group Growth ETF by 1.6% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 19,414 shares of the company’s stock valued at $853,000 after buying an additional 314 shares during the period. Cvfg LLC lifted its position in Capital Group Growth ETF by 4.4% during the 3rd quarter. Cvfg LLC now owns 8,064 shares of the company’s stock worth $354,000 after acquiring an additional 339 shares in the last quarter. First Trust Advisors LP boosted its holdings in Capital Group Growth ETF by 6.7% in the 3rd quarter. First Trust Advisors LP now owns 5,527 shares of the company’s stock worth $243,000 after acquiring an additional 349 shares during the period. Finally, Silverlake Wealth Management LLC boosted its holdings in Capital Group Growth ETF by 1.4% in the 4th quarter. Silverlake Wealth Management LLC now owns 26,124 shares of the company’s stock worth $1,162,000 after acquiring an additional 356 shares during the period.

Capital Group Growth ETF Stock Up 0.6%

Shares of NYSEARCA:CGGR opened at $40.93 on Thursday. The company has a market capitalization of $18.13 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The company has a 50 day moving average of $43.13 and a two-hundred day moving average of $43.84. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $45.83.

Capital Group Growth ETF Company 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.