Capital Group Growth ETF (NYSEARCA:CGGR) Reaches New 52-Week High – Should You Buy?

Capital Group Growth ETF (NYSEARCA:CGGR)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $35.04 and last traded at $35.03, with a volume of 747118 shares traded. The stock had previously closed at $34.62.

Capital Group Growth ETF Trading Up 1.2 %

The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22. The stock’s 50 day moving average price is $33.26 and its two-hundred day moving average price is $32.52.

Institutional Investors Weigh In On Capital Group Growth ETF

A number of large investors have recently added to or reduced their stakes in CGGR. Investments & Financial Planning LLC boosted its stake in shares of Capital Group Growth ETF by 2.5% during the 1st quarter. Investments & Financial Planning LLC now owns 229,345 shares of the company’s stock worth $7,337,000 after purchasing an additional 5,689 shares during the last quarter. Harbour Investments Inc. boosted its stake in shares of Capital Group Growth ETF by 38.4% during the 4th quarter. Harbour Investments Inc. now owns 220,183 shares of the company’s stock worth $6,216,000 after purchasing an additional 61,139 shares during the last quarter. WNY Asset Management LLC boosted its stake in shares of Capital Group Growth ETF by 556.1% during the 4th quarter. WNY Asset Management LLC now owns 71,561 shares of the company’s stock worth $2,020,000 after purchasing an additional 60,654 shares during the last quarter. Thoroughbred Financial Services LLC boosted its stake in shares of Capital Group Growth ETF by 89.3% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 16,523 shares of the company’s stock worth $543,000 after purchasing an additional 7,796 shares during the last quarter. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of Capital Group Growth ETF during the 4th quarter worth about $279,000.

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.