Park Avenue Securities LLC Has $374,000 Stock Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Park Avenue Securities LLC raised its stake in Capital Group Growth ETF (NYSEARCA:CGGR) by 17.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,704 shares of the company’s stock after purchasing an additional 1,768 shares during the quarter. Park Avenue Securities LLC’s holdings in Capital Group Growth ETF were worth $374,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mariner LLC grew its stake in shares of Capital Group Growth ETF by 3.3% in the third quarter. Mariner LLC now owns 58,833 shares of the company’s stock valued at $1,441,000 after buying an additional 1,895 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Capital Group Growth ETF in the 3rd quarter valued at about $475,000. Axxcess Wealth Management LLC bought a new position in Capital Group Growth ETF during the third quarter worth about $202,000. Harbour Investments Inc. increased its position in Capital Group Growth ETF by 52.7% during the third quarter. Harbour Investments Inc. now owns 159,044 shares of the company’s stock worth $3,897,000 after buying an additional 54,917 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in Capital Group Growth ETF in the third quarter valued at approximately $755,000.

Capital Group Growth ETF Trading Down 0.6 %

Shares of NYSEARCA CGGR opened at $32.89 on Friday. Capital Group Growth ETF has a 12 month low of $23.34 and a 12 month high of $33.32. The stock has a 50 day moving average of $31.85 and a 200-day moving average of $30.65. The company has a market capitalization of $5.60 billion, a P/E ratio of 28.99 and a beta of 1.22.

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.