Sigma Planning Corp Trims Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Sigma Planning Corp reduced its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 30.1% during the 4th quarter, Holdings Channel reports. The fund owned 37,989 shares of the company’s stock after selling 16,325 shares during the period. Sigma Planning Corp’s holdings in Capital Group Growth ETF were worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CGGR. Concurrent Investment Advisors LLC boosted its holdings in Capital Group Growth ETF by 168.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 118,850 shares of the company’s stock valued at $4,418,000 after purchasing an additional 74,602 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Capital Group Growth ETF by 29.1% in the 4th quarter. Private Advisor Group LLC now owns 1,080,217 shares of the company’s stock valued at $40,152,000 after buying an additional 243,782 shares during the period. Legacy Solutions LLC purchased a new stake in shares of Capital Group Growth ETF in the fourth quarter worth about $5,786,000. Financial Management Network Inc. grew its holdings in Capital Group Growth ETF by 42.0% during the fourth quarter. Financial Management Network Inc. now owns 23,198 shares of the company’s stock worth $878,000 after acquiring an additional 6,865 shares during the period. Finally, Atlas Legacy Advisors LLC purchased a new position in Capital Group Growth ETF during the fourth quarter valued at approximately $11,040,000.

Capital Group Growth ETF Trading Down 1.1 %

Shares of NYSEARCA:CGGR opened at $37.81 on Tuesday. Capital Group Growth ETF has a 12-month low of $29.70 and a 12-month high of $39.96. The business has a 50 day moving average of $38.58 and a two-hundred day moving average of $36.44. The company has a market capitalization of $6.44 billion, a PE ratio of 28.99 and a beta of 1.22.

Capital Group Growth ETF Company 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.