Capital Group Growth ETF (NYSEARCA:CGGR) Hits New 52-Week High – Here’s What Happened

Shares of Capital Group Growth ETF (NYSEARCA:CGGR) hit a new 52-week high on Wednesday . The company traded as high as $39.48 and last traded at $39.40, with a volume of 3204 shares changing hands. The stock had previously closed at $38.92.

Capital Group Growth ETF Trading Up 0.8 %

The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22. The company has a fifty day moving average of $37.97 and a two-hundred day moving average of $35.38.

Institutional Trading of Capital Group Growth ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Cassady Schiller Wealth Management LLC bought a new stake in Capital Group Growth ETF during the 3rd quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Capital Group Growth ETF in the third quarter valued at approximately $35,000. Hershey Financial Advisers LLC acquired a new stake in shares of Capital Group Growth ETF in the second quarter worth $58,000. WFA of San Diego LLC bought a new position in Capital Group Growth ETF during the third quarter worth $70,000. Finally, Harbor Investment Advisory LLC bought a new stake in Capital Group Growth ETF in the 4th quarter valued at $80,000.

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.