Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sets New 12-Month High – Here’s What Happened

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $42.88 and last traded at $42.81, with a volume of 69883 shares trading hands. The stock had previously closed at $42.45.

Capital Group Global Growth Equity ETF Stock Performance

The stock’s 50 day moving average is $39.13 and its two-hundred day moving average is $36.66. The stock has a market capitalization of $11.52 billion, a PE ratio of 22.37 and a beta of 1.02.

Institutional Trading of Capital Group Global Growth Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in shares of Capital Group Global Growth Equity ETF in the 4th quarter valued at $243,000. Goldman Sachs Group Inc. raised its stake in Capital Group Global Growth Equity ETF by 84.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 79,640 shares of the company’s stock worth $2,256,000 after acquiring an additional 36,578 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Capital Group Global Growth Equity ETF by 1,057.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 211,635 shares of the company’s stock worth $6,766,000 after buying an additional 193,351 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Capital Group Global Growth Equity ETF during the second quarter worth approximately $1,802,000. Finally, Cerity Partners LLC grew its position in Capital Group Global Growth Equity ETF by 3.3% during the 2nd quarter. Cerity Partners LLC now owns 31,002 shares of the company’s stock worth $992,000 after purchasing an additional 993 shares during the last quarter.

About Capital Group Global Growth Equity ETF

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.