New England Capital Financial Advisors LLC Has $51.76 Million Stake in Capital Group Growth ETF (NYSEARCA:CGGR)

New England Capital Financial Advisors LLC reduced its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 9.1% during the fourth quarter, HoldingsChannel reports. The firm owned 1,392,555 shares of the company’s stock after selling 138,824 shares during the period. Capital Group Growth ETF comprises about 25.3% of New England Capital Financial Advisors LLC’s portfolio, making the stock its biggest holding. New England Capital Financial Advisors LLC’s holdings in Capital Group Growth ETF were worth $51,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CGGR. LPL Financial LLC lifted its stake in Capital Group Growth ETF by 24.6% during the third quarter. LPL Financial LLC now owns 12,438,170 shares of the company’s stock worth $432,724,000 after purchasing an additional 2,456,913 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its stake in shares of Capital Group Growth ETF by 24.7% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,957,191 shares of the company’s stock worth $102,881,000 after acquiring an additional 586,545 shares in the last quarter. Alpha Financial Advisors LLC bought a new stake in shares of Capital Group Growth ETF in the 4th quarter worth approximately $20,431,000. MML Investors Services LLC raised its position in Capital Group Growth ETF by 20.5% in the 3rd quarter. MML Investors Services LLC now owns 2,688,825 shares of the company’s stock worth $93,544,000 after purchasing an additional 456,991 shares during the period. Finally, Atlas Legacy Advisors LLC bought a new stake in Capital Group Growth ETF in the fourth quarter worth $11,040,000.

Capital Group Growth ETF Price Performance

Shares of CGGR stock opened at $38.23 on Friday. The business has a 50-day moving average of $38.61 and a 200 day moving average of $36.36. Capital Group Growth ETF has a 1-year low of $29.70 and a 1-year high of $39.96. The stock has a market capitalization of $6.51 billion, a PE ratio of 28.99 and a beta of 1.22.

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.