Diversify Wealth Management LLC Acquires New Position in Capital Group Global Growth Equity ETF $CGGO

Diversify Wealth Management LLC acquired a new stake in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 26,596 shares of the company’s stock, valued at approximately $982,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital Group Private Client Services Inc. increased its position in shares of Capital Group Global Growth Equity ETF by 4.1% during the fourth quarter. Capital Group Private Client Services Inc. now owns 21,118,680 shares of the company’s stock worth $731,762,000 after acquiring an additional 839,808 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of Capital Group Global Growth Equity ETF by 2,846.3% in the fourth 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. 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 purchasing an additional 1,958,085 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Capital Group Global Growth Equity ETF by 9.3% in the fourth quarter. Raymond James Financial Inc. now owns 13,130,315 shares of the company’s stock valued at $454,965,000 after purchasing an additional 1,121,445 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Capital Group Global Growth Equity ETF by 0.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,053,425 shares of the company’s stock worth $383,001,000 after purchasing an additional 34,680 shares in the last quarter.

Capital Group Global Growth Equity ETF Stock Down 0.4%

CGGO opened at $40.23 on Thursday. The stock’s fifty day moving average is $40.55 and its two-hundred day moving average is $37.47. The company has a market capitalization of $11.44 billion, a P/E ratio of 22.37 and a beta of 1.01. Capital Group Global Growth Equity ETF has a 52 week low of $31.67 and a 52 week high of $42.88.

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.