Capital Group Growth ETF $CGGR Stake Lowered by Quantum Financial Partners LLC

Quantum Financial Partners LLC lowered its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 8.2% during the third quarter, Holdings Channel reports. The institutional investor owned 227,460 shares of the company’s stock after selling 20,189 shares during the period. Capital Group Growth ETF comprises about 5.6% of Quantum Financial Partners LLC’s portfolio, making the stock its biggest position. Quantum Financial Partners LLC’s holdings in Capital Group Growth ETF were worth $10,788,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in Capital Group Growth ETF by 10.3% in the first quarter. Bank of America Corp DE now owns 14,193,836 shares of the company’s stock valued at $570,450,000 after buying an additional 1,320,686 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Capital Group Growth ETF by 19.4% during the 1st quarter. Cetera Investment Advisers now owns 9,800,927 shares of the company’s stock valued at $393,899,000 after acquiring an additional 1,593,112 shares during the period. Royal Bank of Canada lifted its position in shares of Capital Group Growth ETF by 30.1% during the 1st quarter. Royal Bank of Canada now owns 8,428,060 shares of the company’s stock valued at $338,724,000 after acquiring an additional 1,952,001 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of Capital Group Growth ETF by 17.3% during the 1st quarter. Kestra Advisory Services LLC now owns 3,021,423 shares of the company’s stock worth $121,431,000 after acquiring an additional 445,273 shares in the last quarter. Finally, Advance Capital Management Inc. boosted its stake in shares of Capital Group Growth ETF by 239.5% during the 1st quarter. Advance Capital Management Inc. now owns 2,860,148 shares of the company’s stock worth $114,949,000 after acquiring an additional 2,017,650 shares in the last quarter.

Capital Group Growth ETF Stock Up 0.7%

Shares of CGGR traded up $0.33 on Monday, reaching $46.98. The stock had a trading volume of 1,033,014 shares, compared to its average volume of 3,056,580. The firm has a market capitalization of $26.00 billion, a PE ratio of 30.88 and a beta of 1.18. The firm has a 50-day moving average of $47.26 and a 200 day moving average of $46.03. Capital Group Growth ETF has a twelve month low of $38.55 and a twelve month high of $48.69.

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.