High Falls Advisors Inc Invests $230,000 in Capital Group Growth ETF (NYSEARCA:CGGR)

High Falls Advisors Inc bought a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) during the 2nd quarter, HoldingsChannel reports. The firm bought 6,995 shares of the company’s stock, valued at approximately $230,000.

A number of other institutional investors have also bought and sold shares of CGGR. Capital Group Private Client Services Inc. boosted its position in shares of Capital Group Growth ETF by 14.5% during the 1st quarter. Capital Group Private Client Services Inc. now owns 15,759,357 shares of the company’s stock valued at $504,142,000 after purchasing an additional 1,990,616 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Capital Group Growth ETF by 11.3% during the 2nd quarter. LPL Financial LLC now owns 9,981,257 shares of the company’s stock worth $328,284,000 after buying an additional 1,016,246 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Capital Group Growth ETF by 6.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 8,963,263 shares of the company’s stock worth $294,802,000 after buying an additional 536,251 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Capital Group Growth ETF by 3.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,771,174 shares of the company’s stock valued at $189,814,000 after acquiring an additional 194,550 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Capital Group Growth ETF by 27.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,077,593 shares of the company’s stock valued at $167,002,000 after acquiring an additional 1,099,783 shares during the period.

Capital Group Growth ETF Stock Down 0.2 %

Shares of NYSEARCA CGGR opened at $34.68 on Monday. The firm has a market cap of $5.90 billion, a PE ratio of 28.99 and a beta of 1.22. The company’s fifty day simple moving average is $33.01 and its 200 day simple moving average is $32.39. Capital Group Growth ETF has a 12-month low of $23.34 and a 12-month high of $35.04.

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.