EverSource Wealth Advisors LLC Acquires 63,745 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

EverSource Wealth Advisors LLC lifted its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 175.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,999 shares of the company’s stock after buying an additional 63,745 shares during the quarter. EverSource Wealth Advisors LLC owned approximately 0.06% of Capital Group Growth ETF worth $3,284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CGGR. Fairscale Capital LLC bought a new stake in Capital Group Growth ETF in the 2nd quarter valued at $39,000. Bridgewealth Advisory Group LLC increased its holdings in shares of Capital Group Growth ETF by 14.6% in the second quarter. Bridgewealth Advisory Group LLC now owns 162,222 shares of the company’s stock worth $5,335,000 after purchasing an additional 20,616 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of Capital Group Growth ETF in the second quarter worth about $25,735,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Capital Group Growth ETF by 32.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 255,304 shares of the company’s stock worth $8,397,000 after buying an additional 62,006 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC boosted its stake in Capital Group Growth ETF by 5.7% during the second quarter. Carolinas Wealth Consulting LLC now owns 45,675 shares of the company’s stock valued at $1,505,000 after buying an additional 2,476 shares during the last quarter.

Capital Group Growth ETF Price Performance

NYSEARCA:CGGR opened at $34.40 on Friday. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a 1 year low of $23.34 and a 1 year high of $34.57. The stock’s 50 day simple moving average is $32.88 and its two-hundred day simple moving average is $32.27.

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.