Wells Fargo & Company MN Boosts Stock Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Wells Fargo & Company MN grew its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 62.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,370,877 shares of the company’s stock after acquiring an additional 908,945 shares during the quarter. Wells Fargo & Company MN’s holdings in Capital Group Growth ETF were worth $66,930,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. UBS Group AG grew its position in Capital Group Growth ETF by 21.5% in the fourth quarter. UBS Group AG now owns 1,496,605 shares of the company’s stock worth $42,249,000 after acquiring an additional 264,841 shares during the period. Kingsview Wealth Management LLC raised its stake in shares of Capital Group Growth ETF by 13.9% in the fourth quarter. Kingsview Wealth Management LLC now owns 12,987 shares of the company’s stock valued at $367,000 after acquiring an additional 1,589 shares in the last quarter. Meridian Wealth Management LLC raised its stake in shares of Capital Group Growth ETF by 1.2% in the fourth quarter. Meridian Wealth Management LLC now owns 49,053 shares of the company’s stock valued at $1,385,000 after acquiring an additional 591 shares in the last quarter. Haverford Trust Co acquired a new stake in shares of Capital Group Growth ETF in the fourth quarter valued at $3,495,000. Finally, Bedel Financial Consulting Inc. raised its stake in shares of Capital Group Growth ETF by 2.6% in the fourth quarter. Bedel Financial Consulting Inc. now owns 270,062 shares of the company’s stock valued at $7,624,000 after acquiring an additional 6,963 shares in the last quarter.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA CGGR traded up $0.36 during mid-day trading on Friday, hitting $32.09. The company had a trading volume of 719,337 shares, compared to its average volume of 1,245,294. The company has a market capitalization of $5.46 billion, a PE ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a 1-year low of $22.93 and a 1-year high of $32.35. The business’s 50-day simple moving average is $31.46 and its 200 day simple moving average is $29.55.

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.