Ridgeline Wealth Planning LLC Purchases Shares of 103,224 Capital Group Growth ETF (NYSEARCA:CGGR)

Ridgeline Wealth Planning LLC purchased a new position in Capital Group Growth ETF (NYSEARCA:CGGR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 103,224 shares of the company’s stock, valued at approximately $3,837,000. Capital Group Growth ETF accounts for 3.7% of Ridgeline Wealth Planning LLC’s investment portfolio, making the stock its 8th biggest position. Ridgeline Wealth Planning LLC owned approximately 0.06% of Capital Group Growth ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwest Financial Advisors boosted its holdings in Capital Group Growth ETF by 1.9% in the 4th quarter. Northwest Financial Advisors now owns 14,892 shares of the company’s stock worth $554,000 after buying an additional 280 shares during the period. Cornerstone Wealth Management LLC boosted its stake in shares of Capital Group Growth ETF by 0.9% in the third quarter. Cornerstone Wealth Management LLC now owns 32,782 shares of the company’s stock worth $1,140,000 after acquiring an additional 301 shares during the period. Professional Financial Advisors LLC grew its position in shares of Capital Group Growth ETF by 1.0% during the fourth quarter. Professional Financial Advisors LLC now owns 31,361 shares of the company’s stock worth $1,166,000 after purchasing an additional 304 shares in the last quarter. Stephens Inc. AR grew its position in shares of Capital Group Growth ETF by 1.6% during the fourth quarter. Stephens Inc. AR now owns 19,138 shares of the company’s stock worth $711,000 after purchasing an additional 310 shares in the last quarter. Finally, Signet Financial Management LLC raised its stake in Capital Group Growth ETF by 0.3% during the 4th quarter. Signet Financial Management LLC now owns 117,769 shares of the company’s stock valued at $4,377,000 after purchasing an additional 382 shares during the period.

Capital Group Growth ETF Price Performance

CGGR stock opened at $39.31 on Wednesday. Capital Group Growth ETF has a 1-year low of $29.51 and a 1-year high of $39.95. The business has a 50 day simple moving average of $38.47 and a two-hundred day simple moving average of $35.96. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22.

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.