Capital Group Growth ETF (NYSEARCA:CGGR) Hits New 12-Month High – What’s Next?

Shares of Capital Group Growth ETF (NYSEARCA:CGGR) hit a new 52-week high on Friday . The company traded as high as $35.72 and last traded at $35.72, with a volume of 119645 shares changing hands. The stock had previously closed at $35.36.

Capital Group Growth ETF Trading Up 0.3 %

The firm has a 50 day moving average price of $34.18 and a 200-day moving average price of $32.85. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CGGR. Moisand Fitzgerald Tamayo LLC acquired a new position in Capital Group Growth ETF in the 3rd quarter valued at about $35,000. GAMMA Investing LLC purchased a new stake in shares of Capital Group Growth ETF during the second quarter worth about $38,000. Fairscale Capital LLC acquired a new position in shares of Capital Group Growth ETF in the second quarter valued at approximately $39,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Capital Group Growth ETF by 146.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,282 shares of the company’s stock valued at $41,000 after buying an additional 762 shares during the period. Finally, Clear Investment Research LLC purchased a new position in shares of Capital Group Growth ETF during the first quarter valued at approximately $47,000.

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.