IMG Wealth Management Inc. cut its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR – Free Report) by 22.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,305 shares of the company’s stock after selling 29,499 shares during the quarter. Capital Group Growth ETF makes up approximately 2.6% of IMG Wealth Management Inc.’s portfolio, making the stock its 12th largest holding. IMG Wealth Management Inc.’s holdings in Capital Group Growth ETF were worth $4,112,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CGGR. Triumph Capital Management bought a new stake in shares of Capital Group Growth ETF in the third quarter valued at approximately $29,000. Mark Sheptoff Financial Planning LLC boosted its holdings in Capital Group Growth ETF by 88.7% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,064 shares of the company’s stock worth $47,000 after buying an additional 500 shares during the period. Avion Wealth bought a new position in Capital Group Growth ETF in the 4th quarter worth approximately $68,000. Godfrey Financial Associates Inc. purchased a new position in Capital Group Growth ETF in the 4th quarter valued at approximately $78,000. Finally, WFA of San Diego LLC purchased a new position in Capital Group Growth ETF in the 2nd quarter valued at approximately $81,000.
Capital Group Growth ETF Price Performance
Shares of CGGR stock opened at $44.58 on Tuesday. The stock has a market capitalization of $23.66 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The company’s fifty day simple moving average is $46.29 and its two-hundred day simple moving average is $44.43. Capital Group Growth ETF has a 1 year low of $38.55 and a 1 year high of $48.02.
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.
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