Capital Group Growth ETF (NYSEARCA:CGGR) Reaches New 52-Week High – What’s Next?

Capital Group Growth ETF (NYSEARCA:CGGR) reached a new 52-week high on Thursday . The company traded as high as $41.00 and last traded at $39.38, with a volume of 2537 shares changing hands. The stock had previously closed at $39.03.

Capital Group Growth ETF Trading Up 0.9 %

The business’s fifty day simple moving average is $38.15 and its 200-day simple moving average is $35.54. The firm has a market cap of $6.70 billion, a P/E ratio of 28.99 and a beta of 1.22.

Institutional Trading of Capital Group Growth ETF

Several large investors have recently bought and sold shares of CGGR. Cassady Schiller Wealth Management LLC purchased a new position in Capital Group Growth ETF during the 3rd quarter valued at about $25,000. Oakworth Capital Inc. bought a new stake in Capital Group Growth ETF in the fourth quarter worth $33,000. Moisand Fitzgerald Tamayo LLC bought a new position in Capital Group Growth ETF in the 3rd quarter worth about $35,000. Archer Investment Corp grew its position in Capital Group Growth ETF by 430.1% during the 4th quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock valued at $49,000 after purchasing an additional 1,071 shares during the last quarter. Finally, WFA of San Diego LLC purchased a new position in Capital Group Growth ETF in the third quarter worth about $70,000.

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.