Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sets New 1-Year High – What’s Next?

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $39.50 and last traded at $39.46, with a volume of 1218787 shares changing hands. The stock had previously closed at $38.29.

Capital Group Global Growth Equity ETF Trading Up 2.0%

The company’s 50 day moving average is $35.66 and its 200 day moving average is $35.39. The stock has a market capitalization of $10.73 billion, a price-to-earnings ratio of 22.37 and a beta of 1.01.

Institutional Trading of Capital Group Global Growth Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC boosted its position in shares of Capital Group Global Growth Equity ETF by 2,846.3% in the 4th quarter. Corient Private Wealth LLC now owns 20,211,701 shares of the company’s stock valued at $700,335,000 after purchasing an additional 19,525,691 shares during the period. Envestnet Asset Management Inc. increased its position in Capital Group Global Growth Equity ETF by 29.0% during the third quarter. Envestnet Asset Management Inc. now owns 9,209,394 shares of the company’s stock worth $314,685,000 after buying an additional 2,068,733 shares during the period. Capital Group Private Client Services Inc. lifted its stake in Capital Group Global Growth Equity ETF by 11.3% in the third quarter. Capital Group Private Client Services Inc. now owns 20,278,872 shares of the company’s stock valued at $692,929,000 after buying an additional 2,058,313 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Capital Group Global Growth Equity ETF by 14.9% in the fourth quarter. LPL Financial LLC now owns 15,068,808 shares of the company’s stock valued at $522,134,000 after acquiring an additional 1,958,085 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Capital Group Global Growth Equity ETF by 32.5% in the fourth quarter. Wells Fargo & Company MN now owns 5,847,836 shares of the company’s stock valued at $202,628,000 after acquiring an additional 1,433,295 shares during the period.

Capital Group Global Growth Equity ETF Company Profile

The Capital Group Global Growth Equity ETF (CGGO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in US and non-US companies of any market capitalization with growth potential. CGGO was launched on Feb 22, 2022 and is managed by Capital Group.