Prospera Financial Services Inc Decreases Stock Holdings in Capital Group Growth ETF $CGGR

Prospera Financial Services Inc reduced its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 2.4% during the second quarter, Holdings Channel reports. The institutional investor owned 1,405,335 shares of the company’s stock after selling 35,043 shares during the quarter. Capital Group Growth ETF comprises 1.0% of Prospera Financial Services Inc’s investment portfolio, making the stock its 18th largest holding. Prospera Financial Services Inc’s holdings in Capital Group Growth ETF were worth $66,332,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Stanley raised its stake in shares of Capital Group Growth ETF by 94.6% during the 4th quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock worth $1,195,293,000 after acquiring an additional 13,065,920 shares in the last quarter. LPL Financial LLC boosted its stake in Capital Group Growth ETF by 17.7% in the fourth quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock valued at $2,019,429,000 after acquiring an additional 6,814,693 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Capital Group Growth ETF by 31.7% in the third quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock valued at $489,487,000 after acquiring an additional 2,680,056 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Capital Group Growth ETF by 26.2% in the fourth quarter. Wells Fargo & Company MN now owns 12,423,660 shares of the company’s stock worth $552,480,000 after purchasing an additional 2,580,345 shares during the last quarter. Finally, Advance Capital Management Inc. grew its holdings in Capital Group Growth ETF by 239.5% in the first quarter. Advance Capital Management Inc. now owns 2,860,148 shares of the company’s stock worth $114,949,000 after purchasing an additional 2,017,650 shares during the last quarter.

Capital Group Growth ETF Trading Up 0.2%

Shares of CGGR stock opened at $47.03 on Thursday. The business’s fifty day simple moving average is $46.10 and its 200-day simple moving average is $44.51. The company has a market cap of $25.31 billion, a PE ratio of 30.88 and a beta of 1.18. Capital Group Growth ETF has a 12-month low of $38.55 and a 12-month high of $48.02.

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.