Capital Group Growth ETF $CGGR Stock: Kestra Investment Management LLC Boosts Holdings

Kestra Investment Management LLC grew its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 11.7% in the third quarter, Holdings Channel.com reports. The fund owned 3,155,244 shares of the company’s stock after purchasing an additional 330,731 shares during the period. Capital Group Growth ETF makes up about 2.8% of Kestra Investment Management LLC’s holdings, making the stock its 7th largest holding. Kestra Investment Management LLC’s holdings in Capital Group Growth ETF were worth $149,653,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CGGR. Canandaigua National Trust Co of Florida purchased a new stake in shares of Capital Group Growth ETF in the 3rd quarter worth about $1,470,000. Stonebridge Financial Group LLC grew its stake in Capital Group Growth ETF by 5.9% in the 3rd quarter. Stonebridge Financial Group LLC now owns 469,504 shares of the company’s stock valued at $22,269,000 after acquiring an additional 26,343 shares during the last quarter. Private Client Services LLC purchased a new position in Capital Group Growth ETF during the 2nd quarter valued at about $1,297,000. DAVENPORT & Co LLC increased its holdings in Capital Group Growth ETF by 18.8% during the 2nd quarter. DAVENPORT & Co LLC now owns 600,338 shares of the company’s stock valued at $28,336,000 after acquiring an additional 94,900 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new position in Capital Group Growth ETF during the 2nd quarter valued at about $909,000.

Capital Group Growth ETF Trading Up 3.0%

Shares of CGGR opened at $46.15 on Tuesday. The stock has a market cap of $25.74 billion, a P/E ratio of 30.88 and a beta of 1.18. The company has a 50-day moving average of $46.99 and a two-hundred day moving average of $45.28. Capital Group Growth ETF has a 12-month low of $38.55 and a 12-month high of $48.69.

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.