Meridian Wealth Management LLC Grows Stock Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Meridian Wealth Management LLC increased its position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 13.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 72,367 shares of the company’s stock after buying an additional 8,428 shares during the quarter. Meridian Wealth Management LLC’s holdings in Capital Group Growth ETF were worth $2,518,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC raised its position in Capital Group Growth ETF by 24.6% in the third quarter. LPL Financial LLC now owns 12,438,170 shares of the company’s stock valued at $432,724,000 after purchasing an additional 2,456,913 shares during the period. Cetera Investment Advisers raised its position in Capital Group Growth ETF by 424.0% in the first quarter. Cetera Investment Advisers now owns 2,561,854 shares of the company’s stock valued at $81,954,000 after purchasing an additional 2,072,971 shares during the period. Kestra Investment Management LLC purchased a new stake in Capital Group Growth ETF in the second quarter valued at approximately $44,429,000. Envestnet Asset Management Inc. raised its position in Capital Group Growth ETF by 27.6% in the second quarter. Envestnet Asset Management Inc. now owns 5,077,593 shares of the company’s stock valued at $167,002,000 after purchasing an additional 1,099,783 shares during the period. Finally, Raymond James & Associates raised its position in Capital Group Growth ETF by 42.2% in the second quarter. Raymond James & Associates now owns 3,377,950 shares of the company’s stock valued at $111,101,000 after purchasing an additional 1,002,988 shares during the period.

Capital Group Growth ETF Stock Up 0.6 %

Shares of NYSEARCA CGGR opened at $37.48 on Friday. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 28.99 and a beta of 1.22. Capital Group Growth ETF has a 52-week low of $26.33 and a 52-week high of $37.76. The business’s 50 day moving average is $35.50 and its two-hundred day moving average is $33.61.

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.