Summit Investment Advisory Services LLC Acquires 26,336 Shares of Capital Group Growth ETF (NYSEARCA:CGGR)

Summit Investment Advisory Services LLC grew its stake in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 805,259 shares of the company’s stock after purchasing an additional 26,336 shares during the quarter. Capital Group Growth ETF makes up about 15.4% of Summit Investment Advisory Services LLC’s holdings, making the stock its 2nd biggest position. Summit Investment Advisory Services LLC owned 0.47% of Capital Group Growth ETF worth $29,931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of CGGR. Mercer Global Advisors Inc. ADV lifted its stake in Capital Group Growth ETF by 11.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 14,923 shares of the company’s stock valued at $491,000 after buying an additional 1,515 shares during the last quarter. Creative Planning grew its position in Capital Group Growth ETF by 25.5% during the 2nd quarter. Creative Planning now owns 21,858 shares of the company’s stock worth $719,000 after purchasing an additional 4,435 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Capital Group Growth ETF by 3.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,771,174 shares of the company’s stock valued at $189,814,000 after purchasing an additional 194,550 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Capital Group Growth ETF by 32.6% in the second quarter. NewEdge Advisors LLC now owns 967,138 shares of the company’s stock valued at $31,809,000 after buying an additional 237,601 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of Capital Group Growth ETF by 13.1% during the second quarter. Sunbelt Securities Inc. now owns 104,183 shares of the company’s stock worth $3,427,000 after buying an additional 12,070 shares during the period.

Capital Group Growth ETF Stock Down 0.3 %

NYSEARCA CGGR opened at $39.50 on Friday. The business’s 50-day moving average price is $38.04 and its 200 day moving average price is $35.43. The firm has a market cap of $6.72 billion, a P/E ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a 52-week low of $28.78 and a 52-week high of $39.71.

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.