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

by · The Cerbat Gem

Capital Group Growth ETF (NYSEARCA:CGGR – Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $35.04 and last traded at $35.03, with a volume of 747118 shares. The stock had previously closed at $34.62.

Capital Group Growth ETF Stock Down 0.1 %

The company has a fifty day moving average price of $33.37 and a 200 day moving average price of $32.56. The stock has a market cap of $5.99 billion, a PE ratio of 28.99 and a beta of 1.22.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in Capital Group Growth ETF in the fourth quarter valued at $33,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Capital Group Growth ETF during the third quarter valued at about $35,000. GAMMA Investing LLC purchased a new position in shares of Capital Group Growth ETF during the second quarter valued at about $38,000. Fairscale Capital LLC bought a new position in Capital Group Growth ETF in the second quarter worth about $39,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Capital Group Growth ETF by 146.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,282 shares of the company’s stock worth $41,000 after buying an additional 762 shares during the period.

Capital Group Growth ETF Company Profile

(Get Free Report)

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.

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