Capital Group Growth ETF (NYSEARCA:CGGR) Reaches New 1-Year High – Here’s What Happened

Capital Group Growth ETF (NYSEARCA:CGGR)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $39.16 and last traded at $39.09, with a volume of 161434 shares trading hands. The stock had previously closed at $38.83.

Capital Group Growth ETF Trading Down 0.3 %

The stock has a market cap of $6.66 billion, a P/E ratio of 28.99 and a beta of 1.22. The company has a 50 day simple moving average of $36.80 and a 200 day simple moving average of $34.42.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Cassady Schiller Wealth Management LLC bought a new position in shares of Capital Group Growth ETF in the 3rd quarter valued at about $25,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Capital Group Growth ETF during the 3rd quarter worth approximately $35,000. Fairscale Capital LLC bought a new stake in shares of Capital Group Growth ETF during the 2nd quarter worth approximately $39,000. Hershey Financial Advisers LLC acquired a new stake in shares of Capital Group Growth ETF in the 2nd quarter valued at approximately $58,000. Finally, WFA of San Diego LLC bought a new position in shares of Capital Group Growth ETF in the third quarter valued at $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.