Capital Group Growth ETF (NYSEARCA:CGGR) Sets New 1-Year High – Should You Buy?

Capital Group Growth ETF (NYSEARCA:CGGR)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $41.00 and last traded at $39.38, with a volume of 2537 shares trading hands. The stock had previously closed at $39.03.

Capital Group Growth ETF Price Performance

The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22. The firm has a fifty day simple moving average of $38.15 and a two-hundred day simple moving average of $35.54.

Hedge Funds Weigh In On Capital Group Growth ETF

A number of institutional investors have recently modified their holdings of the stock. Cassady Schiller Wealth Management LLC purchased a new stake in Capital Group Growth ETF during the third quarter worth $25,000. Oakworth Capital Inc. acquired a new position in shares of Capital Group Growth ETF in the fourth quarter worth about $33,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Capital Group Growth ETF during the 3rd quarter worth about $35,000. Archer Investment Corp grew its position in shares of Capital Group Growth ETF by 430.1% during the 4th quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock valued at $49,000 after acquiring an additional 1,071 shares during the period. Finally, WFA of San Diego LLC purchased a new position in shares of Capital Group Growth ETF in the 3rd quarter valued at about $70,000.

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.