Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sees Unusually-High Trading Volume

Shares of Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) saw strong trading volume on Wednesday . 2,539,938 shares changed hands during trading, an increase of 289% from the previous session’s volume of 653,379 shares.The stock last traded at $27.92 and had previously closed at $27.98.

Capital Group Global Growth Equity ETF Stock Down 0.3 %

The company has a fifty day simple moving average of $28.23 and a 200 day simple moving average of $26.04. The firm has a market capitalization of $3.20 billion, a P/E ratio of 25.66 and a beta of 0.99.

Institutional Investors Weigh In On Capital Group Global Growth Equity ETF

Several hedge funds have recently added to or reduced their stakes in CGGO. Private Trust Co. NA bought a new stake in Capital Group Global Growth Equity ETF in the third quarter worth $25,000. Raleigh Capital Management Inc. bought a new position in shares of Capital Group Global Growth Equity ETF during the third quarter valued at $29,000. Signaturefd LLC bought a new position in shares of Capital Group Global Growth Equity ETF during the fourth quarter valued at $29,000. Transcendent Capital Group LLC bought a new position in shares of Capital Group Global Growth Equity ETF during the fourth quarter valued at $36,000. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of Capital Group Global Growth Equity ETF by 150.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 1,500 shares of the company’s stock valued at $39,000 after purchasing an additional 900 shares in 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.