Capital Group Growth ETF (NYSEARCA:CGGR) Hits New 1-Year High – What’s Next?

Capital Group Growth ETF (NYSEARCA:CGGR)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $46.83 and last traded at $46.81, with a volume of 353933 shares changing hands. The stock had previously closed at $46.06.

Capital Group Growth ETF Trading Up 0.9%

The company has a fifty day simple moving average of $43.55 and a 200-day simple moving average of $43.75. The stock has a market cap of $23.64 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17.

Hedge Funds Weigh In On Capital Group Growth ETF

A number of hedge funds have recently modified their holdings of CGGR. Cozad Asset Management Inc. raised its stake in shares of Capital Group Growth ETF by 10.9% in the first quarter. Cozad Asset Management Inc. now owns 196,567 shares of the company’s stock valued at $7,900,000 after acquiring an additional 19,300 shares during the last quarter. Challenger Wealth Management increased its holdings in Capital Group Growth ETF by 0.3% during the 1st quarter. Challenger Wealth Management now owns 444,185 shares of the company’s stock valued at $17,852,000 after purchasing an additional 1,506 shares in the last quarter. Security Financial Services INC. raised its position in Capital Group Growth ETF by 22.9% in the 1st quarter. Security Financial Services INC. now owns 28,427 shares of the company’s stock valued at $1,142,000 after purchasing an additional 5,294 shares during the last quarter. WNY Asset Management LLC acquired a new stake in shares of Capital Group Growth ETF in the first quarter valued at approximately $72,542,000. Finally, J. Derek Lewis & Associates Inc. lifted its holdings in Capital Group Growth ETF by 9.1% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 514,130 shares of the company’s stock worth $20,674,000 after buying an additional 43,094 shares during the period.

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.