Synergy Investment Management LLC Takes $2.31 Million Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Synergy Investment Management LLC bought a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 62,255 shares of the company’s stock, valued at approximately $2,314,000. Capital Group Growth ETF accounts for 1.0% of Synergy Investment Management LLC’s investment portfolio, making the stock its 27th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its stake in shares of Capital Group Growth ETF by 2.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 277,454 shares of the company’s stock valued at $10,313,000 after buying an additional 5,728 shares during the period. Bedel Financial Consulting Inc. raised its holdings in Capital Group Growth ETF by 3.0% in the fourth quarter. Bedel Financial Consulting Inc. now owns 279,888 shares of the company’s stock valued at $11,061,000 after acquiring an additional 8,181 shares in the last quarter. Meridian Wealth Management LLC lifted its stake in Capital Group Growth ETF by 0.5% in the fourth quarter. Meridian Wealth Management LLC now owns 72,699 shares of the company’s stock worth $2,702,000 after acquiring an additional 332 shares during the last quarter. Financial Council LLC grew its holdings in Capital Group Growth ETF by 0.4% during the 4th quarter. Financial Council LLC now owns 423,218 shares of the company’s stock worth $15,731,000 after acquiring an additional 1,575 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Capital Group Growth ETF by 49.7% in the 4th quarter. Jones Financial Companies Lllp now owns 2,225,640 shares of the company’s stock valued at $82,727,000 after purchasing an additional 739,257 shares during the last quarter.

Capital Group Growth ETF Trading Down 2.2 %

Shares of CGGR opened at $36.45 on Tuesday. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 29.74 and a beta of 1.16. The firm’s fifty day simple moving average is $38.49 and its 200-day simple moving average is $36.60. Capital Group Growth ETF has a twelve month low of $29.70 and a twelve month high of $39.96.

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.