ProCore Advisors LLC Takes Position in Capital Group Growth ETF $CGGR

ProCore Advisors LLC bought a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,168 shares of the company’s stock, valued at approximately $586,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Melone Private Wealth LLC bought a new position in Capital Group Growth ETF during the third quarter valued at about $637,000. WESPAC Advisors LLC bought a new position in Capital Group Growth ETF during the third quarter valued at about $545,000. Ergawealth Advisors Inc. grew its position in Capital Group Growth ETF by 5.1% during the third quarter. Ergawealth Advisors Inc. now owns 668,167 shares of the company’s stock valued at $29,346,000 after buying an additional 32,438 shares during the period. DAVENPORT & Co LLC grew its position in Capital Group Growth ETF by 16.7% during the third quarter. DAVENPORT & Co LLC now owns 443,697 shares of the company’s stock valued at $19,487,000 after buying an additional 63,418 shares during the period. Finally, Founders Financial Alliance LLC grew its position in Capital Group Growth ETF by 1,656.5% during the third quarter. Founders Financial Alliance LLC now owns 116,142 shares of the company’s stock valued at $5,101,000 after buying an additional 109,530 shares during the period.

Capital Group Growth ETF Stock Performance

CGGR opened at $40.65 on Wednesday. The firm has a market cap of $19.74 billion, a P/E ratio of 30.88 and a beta of 1.18. The firm has a 50-day moving average of $42.29 and a 200 day moving average of $43.60. Capital Group Growth ETF has a fifty-two week low of $30.08 and a fifty-two week 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.