Beacon Financial Group Has $7.52 Million Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Beacon Financial Group grew its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 10.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 202,256 shares of the company’s stock after buying an additional 18,639 shares during the period. Capital Group Growth ETF makes up 0.8% of Beacon Financial Group’s portfolio, making the stock its 28th largest position. Beacon Financial Group owned approximately 0.12% of Capital Group Growth ETF worth $7,518,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CGGR. Cassady Schiller Wealth Management LLC bought a new position in shares of Capital Group Growth ETF during the 3rd quarter valued at about $25,000. Oakworth Capital Inc. acquired a new stake in shares of Capital Group Growth ETF during the fourth quarter worth $33,000. Archer Investment Corp lifted its position in Capital Group Growth ETF by 430.1% in 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 in the last quarter. WFA of San Diego LLC acquired a new position in Capital Group Growth ETF in the 3rd quarter worth $70,000. Finally, Harbor Investment Advisory LLC bought a new position in Capital Group Growth ETF during the 4th quarter worth about $80,000.

Capital Group Growth ETF Price Performance

Shares of Capital Group Growth ETF stock opened at $39.31 on Wednesday. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22. The stock’s 50-day moving average is $38.47 and its 200-day moving average is $35.96. Capital Group Growth ETF has a one year low of $29.51 and a one year high of $39.95.

Capital Group Growth ETF Profile

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.