Wealthcare Capital Partners Increases Stake in Capital Group Growth ETF
Wealthcare Capital Partners LLC has significantly expanded its investment in the Capital Group Growth ETF (NYSEARCA: CGGR), increasing its stake by 119.5% during the second quarter of 2023. According to a recent filing with the Securities and Exchange Commission (SEC), the firm acquired an additional 8,995 shares, bringing its total holdings to 16,521 shares. The value of Wealthcare’s investment in the ETF now stands at approximately $672,000.
Several other institutional investors have also made adjustments to their positions in the Capital Group Growth ETF. In the first quarter, Golden State Wealth Management LLC purchased a new stake valued at around $30,000. During the second quarter, Exchange Traded Concepts LLC bought in for about $921,000, while CX Institutional acquired shares worth roughly $48,000. Furthermore, Wealth Enhancement Advisory Services LLC grew its stake by 4.4% in the first quarter, now holding 2,007,955 shares valued at $68.77 million after acquiring an additional 83,798 shares. Lastly, Lantz Financial LLC increased its stake by 2.5% in the second quarter, now owning 95,277 shares worth $3.87 million.
Market Performance of Capital Group Growth ETF
As of the latest trading session, the Capital Group Growth ETF opened at $44.24. The fund has experienced notable fluctuations, with a 52-week low of $29.23 and a 52-week high of $44.71. It currently boasts a market capitalization of $16.82 billion and a price-to-earnings ratio of 30.88, alongside a beta of 1.09, indicating a slightly higher volatility compared to the broader market.
The Capital Group Growth ETF was launched on February 22, 2022, and is designed to primarily invest in total market equity. This actively managed fund focuses on U.S. companies across various market capitalizations, aiming to achieve significant capital growth. Managed by Capital Group, it continues to attract interest from both institutional and individual investors alike.
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