Convergence Financial LLC Reduces Stake in Capital Group Growth ETF

Convergence Financial LLC has decreased its stake in the Capital Group Growth ETF (NYSEARCA: CGGR) by 31.8% during the third quarter, as reported by Holdings Channel. The institutional investor now holds 5,814 shares of the ETF after selling 2,711 shares in that period. The total value of Convergence Financial LLC’s investment in the Capital Group Growth ETF is approximately $202,000 based on its latest filing with the SEC.

In addition to Convergence Financial, several other large investors have also adjusted their positions in the Capital Group Growth ETF. For instance, Moisand Fitzgerald Tamayo LLC entered a new position in the ETF valued at around $35,000 during the third quarter. Similarly, GAMMA Investing LLC acquired a new stake worth about $38,000 in the second quarter, while Fairscale Capital LLC added a position valued at approximately $39,000 during the same quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in the ETF by a significant 146.5% in the first quarter, now owning 1,282 shares valued at $41,000 after an additional purchase of 762 shares. Clear Investment Research LLC also acquired a new position in the ETF during the first quarter, estimated at about $47,000.

Performance of Capital Group Growth ETF

As of Friday, the Capital Group Growth ETF (CGGR) opened at $35.45. The ETF has a market capitalization of $6.03 billion, a price-to-earnings (PE) ratio of 28.99, and a beta of 1.22. Its 50-day moving average price stands at $34.18, and the 200-day moving average price is $32.85. Over the past year, the ETF has seen a low of $23.34 and a high of $35.77.

About Capital Group Growth ETF

The Capital Group Growth ETF is an actively managed exchange-traded fund that primarily invests in total market equity, focusing predominantly on U.S. companies across various market capitalizations. The fund aims for capital growth and was launched on February 22, 2022, under the management of Capital Group.

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To see what other hedge funds are holding the CGGR ETF, visit HoldingsChannel.com for the latest 13F filings and insider trades.

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finance, investment, ETFs