Woodmont Investment Counsel LLC Grows Stake in Capital Group Growth ETF (NYSEARCA:CGGR)

Woodmont Investment Counsel LLC boosted its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,506 shares of the company’s stock after buying an additional 971 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Capital Group Growth ETF were worth $874,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CGGR. LPL Financial LLC lifted its holdings in Capital Group Growth ETF by 34.9% in the 4th quarter. LPL Financial LLC now owns 16,775,326 shares of the company’s stock valued at $623,539,000 after purchasing an additional 4,337,156 shares in the last quarter. Sei Investments Co. raised its position in shares of Capital Group Growth ETF by 4.5% in the fourth quarter. Sei Investments Co. now owns 886,279 shares of the company’s stock valued at $32,943,000 after buying an additional 38,166 shares during the last quarter. Summit Global Investments lifted its stake in shares of Capital Group Growth ETF by 2.0% in the fourth quarter. Summit Global Investments now owns 15,043 shares of the company’s stock worth $559,000 after buying an additional 300 shares in the last quarter. Gutierrez Wealth Advisory LLC acquired a new position in Capital Group Growth ETF during the fourth quarter worth about $12,878,000. Finally, Absolute Capital Management LLC purchased a new stake in Capital Group Growth ETF during the 4th quarter valued at about $1,914,000.

Capital Group Growth ETF Trading Up 2.6 %

CGGR stock opened at $36.12 on Tuesday. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 28.51 and a beta of 1.16. The firm has a 50-day moving average of $37.68 and a two-hundred day moving average of $36.79. Capital Group Growth ETF has a 12 month low of $29.70 and a 12 month high of $39.96.

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.