Capital Group Growth ETF (NYSEARCA:CGGR) Sets New 12-Month High – Should You Buy?

Shares of Capital Group Growth ETF (NYSEARCA:CGGR) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $38.00 and last traded at $38.00, with a volume of 29327 shares. The stock had previously closed at $37.72.

Capital Group Growth ETF Price Performance

The company has a market capitalization of $6.46 billion, a P/E ratio of 28.99 and a beta of 1.22. The stock’s 50 day moving average is $35.86 and its 200-day moving average is $33.85.

Hedge Funds Weigh In On Capital Group Growth ETF

Institutional investors have recently bought and sold shares of the stock. Cassady Schiller Wealth Management LLC bought a new position in shares of Capital Group Growth ETF during the third quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Capital Group Growth ETF during the third quarter valued at approximately $35,000. GAMMA Investing LLC bought a new position in shares of Capital Group Growth ETF during the second quarter valued at approximately $38,000. Fairscale Capital LLC bought a new position in shares of Capital Group Growth ETF during the second quarter valued at approximately $39,000. Finally, Hershey Financial Advisers LLC bought a new position in shares of Capital Group Growth ETF during the second quarter valued at approximately $58,000.

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.