Gateway Wealth Partners LLC Buys 188,332 Shares of Capital Group Growth ETF $CGGR

Gateway Wealth Partners LLC raised its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 310.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 248,913 shares of the company’s stock after acquiring an additional 188,332 shares during the period. Gateway Wealth Partners LLC’s holdings in Capital Group Growth ETF were worth $10,004,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Goldman Sachs Group Inc. raised 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 worth $10,954,000 after acquiring an additional 203,151 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Capital Group Growth ETF in the 2nd quarter worth $211,000. Cerity Partners LLC raised its stake in shares of Capital Group Growth ETF by 176.7% in the second quarter. Cerity Partners LLC now owns 66,761 shares of the company’s stock worth $2,715,000 after purchasing an additional 42,631 shares during the last quarter. Sei Investments Co. raised its stake in shares of Capital Group Growth ETF by 19.5% in the second quarter. Sei Investments Co. now owns 1,163,011 shares of the company’s stock worth $47,277,000 after purchasing an additional 189,933 shares during the last quarter. Finally, Diversify Wealth Management LLC purchased a new stake in shares of Capital Group Growth ETF during the second quarter valued at $320,000.

Capital Group Growth ETF Stock Performance

NYSEARCA CGGR opened at $44.36 on Monday. Capital Group Growth ETF has a one year low of $38.55 and a one year high of $48.02. The stock has a 50-day moving average of $46.31 and a 200 day moving average of $44.43. The company has a market capitalization of $23.55 billion, a price-to-earnings 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.