Bridgewealth Advisory Group LLC Purchases 20,616 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

Bridgewealth Advisory Group LLC boosted its position in Capital Group Growth ETF (NYSEARCA:CGGR) by 14.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 162,222 shares of the company’s stock after purchasing an additional 20,616 shares during the period. Capital Group Growth ETF comprises 2.4% of Bridgewealth Advisory Group LLC’s investment portfolio, making the stock its 15th biggest position. Bridgewealth Advisory Group LLC owned approximately 0.10% of Capital Group Growth ETF worth $5,335,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its holdings in shares of Capital Group Growth ETF by 424.0% in the first quarter. Cetera Investment Advisers now owns 2,561,854 shares of the company’s stock valued at $81,954,000 after acquiring an additional 2,072,971 shares in the last quarter. Capital Group Private Client Services Inc. grew its stake in Capital Group Growth ETF by 14.5% in the 1st quarter. Capital Group Private Client Services Inc. now owns 15,759,357 shares of the company’s stock valued at $504,142,000 after purchasing an additional 1,990,616 shares during the period. Envestnet Asset Management Inc. grew its stake in Capital Group Growth ETF by 27.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,077,593 shares of the company’s stock valued at $167,002,000 after purchasing an additional 1,099,783 shares during the period. LPL Financial LLC increased its position in shares of Capital Group Growth ETF by 11.3% during the 2nd quarter. LPL Financial LLC now owns 9,981,257 shares of the company’s stock valued at $328,284,000 after purchasing an additional 1,016,246 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of Capital Group Growth ETF by 42.2% during the 2nd quarter. Raymond James & Associates now owns 3,377,950 shares of the company’s stock worth $111,101,000 after purchasing an additional 1,002,988 shares during the period.

Capital Group Growth ETF Stock Performance

CGGR opened at $34.40 on Friday. Capital Group Growth ETF has a fifty-two week low of $23.34 and a fifty-two week high of $34.57. The firm has a 50-day moving average of $32.88 and a 200 day moving average of $32.27. The firm has a market cap of $5.85 billion, a P/E 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.