Kingswood Wealth Advisors LLC Invests $20.71 Million in Capital Group Growth ETF $CGGR
by Teresa Graham · The Cerbat GemKingswood Wealth Advisors LLC acquired a new position in Capital Group Growth ETF (NYSEARCA:CGGR – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 465,652 shares of the company’s stock, valued at approximately $20,708,000. Capital Group Growth ETF comprises approximately 1.0% of Kingswood Wealth Advisors LLC’s holdings, making the stock its 14th biggest position. Kingswood Wealth Advisors LLC owned about 0.11% of Capital Group Growth ETF as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also modified their holdings of the company. Trademark Financial Management LLC acquired a new stake in shares of Capital Group Growth ETF in the fourth quarter worth $397,000. APS Management Group Inc. acquired a new stake in shares of Capital Group Growth ETF in the fourth quarter worth $7,045,000. Planned Solutions Inc. acquired a new stake in shares of Capital Group Growth ETF in the fourth quarter worth $257,000. Michael Brady & Co. LLC acquired a new stake in shares of Capital Group Growth ETF in the fourth quarter worth $16,431,000. Finally, Keystone Financial Services LLC lifted its stake in shares of Capital Group Growth ETF by 2.1% in the fourth quarter. Keystone Financial Services LLC now owns 16,572 shares of the company’s stock worth $737,000 after buying an additional 336 shares during the last quarter.
Capital Group Growth ETF Trading Down 1.0%
Shares of Capital Group Growth ETF stock opened at $44.11 on Wednesday. The firm has a fifty day simple moving average of $42.20 and a 200-day simple moving average of $43.55. Capital Group Growth ETF has a 1-year low of $32.03 and a 1-year high of $45.83. The stock has a market capitalization of $21.74 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18.
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.