Axxcess Wealth Management LLC Has $6.03 Million Stock Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Axxcess Wealth Management LLC lifted its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 244.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,431 shares of the company’s stock after buying an additional 130,160 shares during the period. Axxcess Wealth Management LLC owned about 0.11% of Capital Group Growth ETF worth $6,033,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Cetera Investment Advisers lifted its stake in Capital Group Growth ETF by 424.0% in the 1st quarter. Cetera Investment Advisers now owns 2,561,854 shares of the company’s stock valued at $81,954,000 after acquiring an additional 2,072,971 shares in the last quarter. Capital Group Private Client Services Inc. lifted its position in shares of Capital Group Growth ETF by 14.5% in the first quarter. Capital Group Private Client Services Inc. now owns 15,759,357 shares of the company’s stock worth $504,142,000 after purchasing an additional 1,990,616 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Capital Group Growth ETF by 27.6% during the second quarter. Envestnet Asset Management Inc. now owns 5,077,593 shares of the company’s stock worth $167,002,000 after purchasing an additional 1,099,783 shares during the last quarter. LPL Financial LLC grew its position in Capital Group Growth ETF by 11.3% in the second quarter. LPL Financial LLC now owns 9,981,257 shares of the company’s stock valued at $328,284,000 after purchasing an additional 1,016,246 shares in the last quarter. Finally, Raymond James & Associates lifted its position in Capital Group Growth ETF by 42.2% during the 2nd quarter. Raymond James & Associates now owns 3,377,950 shares of the company’s stock worth $111,101,000 after buying an additional 1,002,988 shares in the last quarter.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA CGGR opened at $33.65 on Tuesday. The business has a 50-day moving average of $32.86 and a 200-day moving average of $32.20. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a fifty-two week low of $23.34 and a fifty-two week high of $34.10.

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.