Royal Bank of Canada Buys 94,789 Shares of Capital Group Global Equity ETF $CGGE

Royal Bank of Canada raised its stake in Capital Group Global Equity ETF (NYSEARCA:CGGE) by 8.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,198,245 shares of the company’s stock after acquiring an additional 94,789 shares during the quarter. Royal Bank of Canada owned approximately 1.58% of Capital Group Global Equity ETF worth $36,546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CGGE. TD Waterhouse Canada Inc. bought a new stake in shares of Capital Group Global Equity ETF in the 4th quarter worth approximately $58,000. CIBC Private Wealth Group LLC purchased a new stake in Capital Group Global Equity ETF in the 3rd quarter worth about $73,000. Comerica Bank bought a new position in Capital Group Global Equity ETF during the third quarter worth about $82,000. Birchwood Financial Partners Inc. purchased a new position in shares of Capital Group Global Equity ETF in the fourth quarter worth about $87,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Capital Group Global Equity ETF in the fourth quarter worth about $199,000.

Capital Group Global Equity ETF Price Performance

Shares of CGGE stock opened at $35.15 on Tuesday. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 24.18 and a beta of 0.80. The company’s fifty day simple moving average is $34.53 and its two-hundred day simple moving average is $33.11. Capital Group Global Equity ETF has a 1 year low of $29.20 and a 1 year high of $35.40.

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.