Larson Financial Group LLC Acquires Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

During the fourth quarter, Larson Financial Group LLC made a significant investment by purchasing shares in the Capital Group Growth ETF (NYSEARCA:CGGR). According to reports from Holdings Channel, the institutional investor acquired 1,013 shares of this exchange-traded fund, which are valued at approximately $38,000.

Furthermore, several other institutional investors have adjusted their positions in Capital Group Growth ETF recently. For instance, Oak Hill Wealth Advisors LLC notably increased their stake by an impressive 356.1% during the same quarter, now owning 15,102 shares valued at $561,000 after acquiring an additional 20,998 shares. Similarly, Acas LLC raised its stake by 5.6%, bringing its total to 245,979 shares valued at $9,721,000 after purchasing 13,038 extra shares last quarter.

Bay Colony Advisory Group Inc, doing business as Bay Colony Advisors, also raised its stakes by 15.7%. They currently hold 241,991 shares, valued at $8,995,000, following an increase of 32,842 shares recently. Additionally, Ashton Thomas Private Wealth LLC raised its stake by 2.4% and now owns 24,155 shares worth $898,000 after acquiring 558 more shares in the last quarter. Lastly, Strategic Family Wealth Counselors L.L.C. increased its stake by 1.4%, owning a total of 269,719 shares valued at $10,025,000 after purchasing 3,690 additional shares.

Capital Group Growth ETF Stock Performance

As of the latest trading session, shares of the Capital Group Growth ETF opened at $33.98, reflecting a decline of 2.2%. The ETF’s 50-day simple moving average stands at $38.11, while the 200-day simple moving average is $36.66. The ETF operates with a market capitalization of $9.60 billion and has a price-to-earnings (PE) ratio of 29.74 and a beta of 1.16. Notably, over the past year, the stock has reached a low of $29.70 and a high of $39.96.

About Capital Group Growth ETF

The Capital Group Growth ETF (CGGR) is a dynamic exchange-traded fund primarily focused on investing in total market equities. Managed by Capital Group, this actively managed fund predominantly targets U.S. companies across all market capitalizations, aiming to deliver long-term capital growth. The CGGR was introduced on February 22, 2022.

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