International Assets Investment Management LLC Significantly Increases Stake in Capital Group Growth ETF

International Assets Investment Management LLC has dramatically increased its holdings in the Capital Group Growth ETF (NYSEARCA:CGGR – Free Report) by an impressive 3,379.0% during the third quarter, as reported by HoldingsChannel. The firm now owns 224,187 shares of the ETF after acquiring an additional 217,743 shares during this period. According to the most recent filing with the Securities and Exchange Commission, the value of these holdings is approximately $77,990,000.

Additionally, several other institutional investors have also taken action regarding their stakes in the Capital Group Growth ETF. For instance, PNC Financial Services Group Inc. acquired a new position in the ETF in the fourth quarter, valued at approximately $101,000. Meanwhile, Park Avenue Securities LLC increased its holdings in the company by 17.8% during the first quarter, now owning 11,704 shares valued at $374,000 after adding 1,768 shares recently.

Trilogy Capital Inc. has also entered the arena by purchasing a new stake in the ETF during the first quarter worth $335,000. Similarly, HFG Advisors Inc. raised its stake by 67.3% in the first quarter and owns 16,127 shares, valued at $516,000 after acquiring an additional 6,490 shares. Bridgewealth Advisory Group LLC also expanded its position by 48.9%, now holding 141,606 shares valued at $4,530,000 after buying an additional 46,510 shares.

Performance Overview of Capital Group Growth ETF

The stock of Capital Group Growth ETF opened at $35.45. Over the past year, the shares have experienced a low of $23.34 and a high of $35.77. The ETF has a fifty-day moving average price of $34.18 and a two-hundred-day moving average price of $32.85. The company boasts a market capitalization of $6.03 billion and exhibits a price-to-earnings (PE) ratio of 28.99, with a beta of 1.22, indicating its volatility compared to the broader market.

About Capital Group Growth ETF

The Capital Group Growth ETF (CGGR) is an actively managed exchange-traded fund primarily focused on investing in a total market equity. The fund predominantly targets U.S. companies across various market capitalizations with the aim of achieving capital growth. Launched on February 22, 2022, it is managed by Capital Group.

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Individuals keen on discovering which hedge funds have stakes in CGGR can visit HoldingsChannel.com for the latest 13F filings and insider trades.

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Investment, ETF, Finance