Capital Group Growth ETF Sees $156.7 Million Outflow This Week

In the latest week, the Capital Group Growth ETF (Symbol: CGGR) experienced a significant outflow of approximately $156.7 million, marking a 1.3% decrease in shares outstanding, which fell from 322,300,000 to 318,200,000.

Today’s trading reveals mixed performance among CGGR’s top holdings. Shopify Inc (Symbol: SHOP) declined about 0.8%, while Vertex Pharmaceuticals, Inc. (Symbol: VRTX) rose approximately 1.1%. CloudFlare Inc (Symbol: NET) remained relatively unchanged. For a complete holdings list, refer to the CGGR Holdings page.

The chart below illustrates CGGR’s one-year price performance compared to its 200-day moving average:

CGGR’s 52-week low stands at $29.23 per share, with a high of $39.96. The most recent share price was $38.24, showcasing a close proximity to the 200-day moving average, which can be an insightful technical analysis tool.

Exchange-traded funds (ETFs) function similarly to stocks, with investors buying and selling “units,” which can be created or destroyed based on demand. Weekly monitoring of changes in shares outstanding helps to identify ETFs with notable inflows or outflows. The creation of new units requires purchasing underlying holdings, while unit destruction necessitates selling them, impacting the individual components held within the ETFs.

Click here to find out which nine other ETFs experienced notable outflows.

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The views and opinions expressed herein do not necessarily reflect those of Nasdaq, Inc.