Gateway Wealth Partners LLC Increases Stock Position in Capital Group Global Equity ETF $CGGE

Gateway Wealth Partners LLC raised its stake in shares of Capital Group Global Equity ETF (NYSEARCA:CGGE) by 410.0% in the first quarter, Holdings Channel.com reports. The fund owned 356,920 shares of the company’s stock after purchasing an additional 286,935 shares during the period. Gateway Wealth Partners LLC’s holdings in Capital Group Global Equity ETF were worth $10,886,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CLG LLC boosted its position in shares of Capital Group Global Equity ETF by 8.4% during the 1st quarter. CLG LLC now owns 27,726 shares of the company’s stock worth $846,000 after purchasing an additional 2,155 shares during the period. Cetera Investment Advisers raised its position in Capital Group Global Equity ETF by 16.3% in the first quarter. Cetera Investment Advisers now owns 3,285,183 shares of the company’s stock valued at $100,198,000 after purchasing an additional 459,321 shares during the period. World Equity Group Inc. acquired a new position in Capital Group Global Equity ETF during the first quarter worth $363,000. Assetmark Inc. lifted its stake in Capital Group Global Equity ETF by 17.9% during the first quarter. Assetmark Inc. now owns 1,429,913 shares of the company’s stock worth $43,612,000 after purchasing an additional 216,961 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new position in shares of Capital Group Global Equity ETF during the first quarter worth $1,133,000.

Capital Group Global Equity ETF Stock Performance

Shares of NYSEARCA CGGE opened at $34.28 on Monday. Capital Group Global Equity ETF has a twelve month low of $28.74 and a twelve month high of $35.40. The stock has a fifty day simple moving average of $34.44 and a 200-day simple moving average of $33.03. The stock has a market capitalization of $2.89 billion, a PE ratio of 24.18 and a beta of 0.80.

Capital Group Global Equity ETF Company Profile

The Capital Group Global Equity ETF (CGGE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks total returns by actively managing a portfolio of companies from around the world. CGGE was launched on Jun 25, 2024 and is issued by Capital Group.