Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Reaches New 1-Year High – Should You Buy?

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $36.11 and last traded at $36.1040, with a volume of 216407 shares. The stock had previously closed at $36.05.

Capital Group Global Growth Equity ETF Trading Up 0.5%

The stock has a fifty day moving average of $34.64 and a two-hundred day moving average of $33.72. The company has a market capitalization of $8.56 billion, a PE ratio of 22.37 and a beta of 0.96.

Capital Group Global Growth Equity ETF Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CGGO. Paragon Advisors LLC lifted its stake in shares of Capital Group Global Growth Equity ETF by 25.1% in the 4th quarter. Paragon Advisors LLC now owns 176,224 shares of the company’s stock valued at $6,106,000 after acquiring an additional 35,309 shares during the last quarter. M.E. Allison & CO. Inc. increased its stake in Capital Group Global Growth Equity ETF by 2.3% in the 4th quarter. M.E. Allison & CO. Inc. now owns 24,184 shares of the company’s stock worth $838,000 after purchasing an additional 543 shares during the period. Arlington Financial Advisors LLC lifted its position in Capital Group Global Growth Equity ETF by 3.9% in the fourth quarter. Arlington Financial Advisors LLC now owns 1,400,492 shares of the company’s stock valued at $48,527,000 after purchasing an additional 52,375 shares during the last quarter. Bill Few Associates Inc. boosted its stake in shares of Capital Group Global Growth Equity ETF by 3.3% during the fourth quarter. Bill Few Associates Inc. now owns 109,421 shares of the company’s stock valued at $3,791,000 after purchasing an additional 3,503 shares during the period. Finally, KWB Wealth grew its holdings in shares of Capital Group Global Growth Equity ETF by 52.2% in the fourth quarter. KWB Wealth now owns 379,205 shares of the company’s stock worth $13,139,000 after purchasing an additional 130,058 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.