Townsend Asset Management Corp NC ADV Increases Position in Capital Group Growth ETF $CGGR

Townsend Asset Management Corp NC ADV lifted its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 9.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,073 shares of the company’s stock after acquiring an additional 11,157 shares during the period. Capital Group Growth ETF accounts for 1.8% of Townsend Asset Management Corp NC ADV’s portfolio, making the stock its 16th largest position. Townsend Asset Management Corp NC ADV’s holdings in Capital Group Growth ETF were worth $5,107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. LPL Financial LLC boosted its position in Capital Group Growth ETF by 17.7% during the fourth quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock valued at $2,019,429,000 after purchasing an additional 6,814,693 shares in the last quarter. Morgan Stanley lifted its position in shares of Capital Group Growth ETF by 94.6% during the fourth quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock valued at $1,195,293,000 after buying an additional 13,065,920 shares during the last quarter. Capital Group Private Client Services Inc. lifted its position in shares of Capital Group Growth ETF by 2.5% during the fourth quarter. Capital Group Private Client Services Inc. now owns 24,026,194 shares of the company’s stock valued at $1,068,445,000 after buying an additional 585,780 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Capital Group Growth ETF by 3.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 13,193,475 shares of the company’s stock valued at $586,714,000 after buying an additional 485,654 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Capital Group Growth ETF by 11.5% in the 3rd quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock valued at $562,219,000 after buying an additional 1,322,744 shares in the last quarter.

Capital Group Growth ETF Stock Down 1.6%

Shares of Capital Group Growth ETF stock opened at $45.34 on Friday. The firm’s 50 day moving average price is $46.41 and its 200-day moving average price is $44.42. Capital Group Growth ETF has a 52-week low of $38.55 and a 52-week high of $48.02. The company has a market cap of $24.00 billion, a P/E ratio of 30.88 and a beta of 1.17.

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.