Valmark Advisers Inc. Boosts Stake in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO)

Valmark Advisers Inc. grew its stake in shares of Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) by 807.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 154,558 shares of the company’s stock after buying an additional 137,535 shares during the period. Valmark Advisers Inc.’s holdings in Capital Group Global Growth Equity ETF were worth $3,977,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Private Trust Co. NA bought a new position in shares of Capital Group Global Growth Equity ETF during the 3rd quarter valued at $25,000. Signaturefd LLC bought a new position in shares of Capital Group Global Growth Equity ETF during the 4th quarter valued at $29,000. Raleigh Capital Management Inc. bought a new position in shares of Capital Group Global Growth Equity ETF during the 3rd quarter valued at $29,000. Pinnacle Bancorp Inc. grew its holdings in shares of Capital Group Global Growth Equity ETF by 150.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,500 shares of the company’s stock valued at $39,000 after purchasing an additional 900 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of Capital Group Global Growth Equity ETF by 170.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,625 shares of the company’s stock valued at $41,000 after purchasing an additional 1,025 shares during the last quarter.

Capital Group Global Growth Equity ETF Stock Performance

Shares of CGGO stock traded up $0.37 on Friday, hitting $28.24. 791,648 shares of the company’s stock traded hands, compared to its average volume of 661,062. Capital Group Global Growth Equity ETF has a one year low of $22.08 and a one year high of $29.05. The company’s fifty day simple moving average is $28.24 and its 200 day simple moving average is $26.06. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 25.66 and a beta of 0.99.

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.