Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Hits New 12-Month High – Should You Buy?

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) shares reached a new 52-week high on Tuesday . The company traded as high as $36.60 and last traded at $36.47, with a volume of 991657 shares trading hands. The stock had previously closed at $36.52.

Capital Group Global Growth Equity ETF Trading Up 0.1%

The stock has a market cap of $8.94 billion, a PE ratio of 22.37 and a beta of 0.96. The company’s 50 day moving average is $35.15 and its 200-day moving average is $34.09.

Capital Group Global Growth Equity ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a $0.3978 dividend. The ex-dividend date was Friday, December 26th. This represents a dividend yield of 227.0%.

Hedge Funds Weigh In On Capital Group Global Growth Equity ETF

A number of institutional investors have recently made changes to their positions in CGGO. Cora Capital Advisors LLC acquired a new stake in shares of Capital Group Global Growth Equity ETF during the fourth quarter worth approximately $235,000. Geneos Wealth Management Inc. boosted its stake in Capital Group Global Growth Equity ETF by 33.1% during the 4th quarter. Geneos Wealth Management Inc. now owns 90,190 shares of the company’s stock valued at $3,125,000 after acquiring an additional 22,422 shares during the last quarter. Wealth Science Advisors LLC acquired a new position in Capital Group Global Growth Equity ETF during the 4th quarter worth $22,051,000. A&I Financial Services LLC grew its holdings in Capital Group Global Growth Equity ETF by 5.9% during the 4th quarter. A&I Financial Services LLC now owns 88,674 shares of the company’s stock worth $3,073,000 after acquiring an additional 4,965 shares in the last quarter. Finally, West Michigan Advisors LLC increased its position in shares of Capital Group Global Growth Equity ETF by 2.0% in the 4th quarter. West Michigan Advisors LLC now owns 158,054 shares of the company’s stock worth $5,477,000 after purchasing an additional 3,027 shares during the last quarter.

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.