778,923 Shares in Capital Group Growth ETF (NYSEARCA:CGGR) Acquired by Summit Investment Advisory Services LLC

Summit Investment Advisory Services LLC bought a new position in Capital Group Growth ETF (NYSEARCA:CGGR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 778,923 shares of the company’s stock, valued at approximately $27,099,000. Capital Group Growth ETF makes up approximately 14.4% of Summit Investment Advisory Services LLC’s investment portfolio, making the stock its 2nd biggest position. Summit Investment Advisory Services LLC owned about 0.46% of Capital Group Growth ETF at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CGGR. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Capital Group Growth ETF during the third quarter valued at approximately $35,000. GAMMA Investing LLC purchased a new stake in shares of Capital Group Growth ETF in the second quarter valued at about $38,000. Fairscale Capital LLC bought a new position in shares of Capital Group Growth ETF during the second quarter valued at about $39,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Capital Group Growth ETF by 146.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,282 shares of the company’s stock worth $41,000 after purchasing an additional 762 shares during the last quarter. Finally, Clear Investment Research LLC bought a new position in shares of Capital Group Growth ETF during the 1st quarter worth approximately $47,000.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA CGGR traded up $0.10 during midday trading on Thursday, reaching $35.37. The company’s stock had a trading volume of 200,492 shares, compared to its average volume of 1,180,553. Capital Group Growth ETF has a 12-month low of $23.34 and a 12-month high of $35.69. The firm has a 50 day moving average price of $33.77 and a 200-day moving average price of $32.67. The stock has a market capitalization of $6.02 billion, a P/E ratio of 28.99 and a beta of 1.22.

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.