Northwestern Mutual Wealth Management Co. Buys 194,550 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

Northwestern Mutual Wealth Management Co. raised its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,771,174 shares of the company’s stock after purchasing an additional 194,550 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group Growth ETF were worth $189,814,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Fairscale Capital LLC purchased a new position in shares of Capital Group Growth ETF during the second quarter valued at about $39,000. GAMMA Investing LLC bought a new stake in Capital Group Growth ETF during the 2nd quarter valued at approximately $38,000. Transcendent Capital Group LLC purchased a new position in shares of Capital Group Growth ETF during the 4th quarter worth approximately $33,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Capital Group Growth ETF by 146.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,282 shares of the company’s stock worth $41,000 after acquiring an additional 762 shares in the last quarter. Finally, Clear Investment Research LLC purchased a new position in shares of Capital Group Growth ETF in the 1st quarter valued at approximately $47,000.

Capital Group Growth ETF Stock Down 0.2 %

Shares of CGGR stock opened at $34.68 on Friday. The business’s fifty day moving average is $33.01 and its 200 day moving average is $32.38. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a twelve month low of $23.34 and a twelve month high of $35.04.

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.