Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sets New 1-Year High – Here’s Why

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

Capital Group Global Growth Equity ETF Stock Performance

The firm has a market capitalization of $11.52 billion, a PE ratio of 22.37 and a beta of 1.02. The business’s fifty day simple moving average is $39.13 and its 200-day simple moving average is $36.66.

Hedge Funds Weigh In On Capital Group Global Growth Equity ETF

A number of large investors have recently bought and sold shares of CGGO. Capital Group Private Client Services Inc. increased its position in Capital Group Global Growth Equity ETF by 4.1% during the 4th quarter. Capital Group Private Client Services Inc. now owns 21,118,680 shares of the company’s stock valued at $731,762,000 after purchasing an additional 839,808 shares during the period. Corient Private Wealth LLC grew its position in Capital Group Global Growth Equity ETF by 2,846.3% during the 4th quarter. Corient Private Wealth LLC now owns 20,211,701 shares of the company’s stock worth $700,335,000 after purchasing an additional 19,525,691 shares during the last quarter. LPL Financial LLC increased its position in shares of Capital Group Global Growth Equity ETF by 14.9% in the 4th quarter. LPL Financial LLC now owns 15,068,808 shares of the company’s stock valued at $522,134,000 after acquiring an additional 1,958,085 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Capital Group Global Growth Equity ETF by 9.3% during the fourth quarter. Raymond James Financial Inc. now owns 13,130,315 shares of the company’s stock worth $454,965,000 after purchasing an additional 1,121,445 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Capital Group Global Growth Equity ETF by 0.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,053,425 shares of the company’s stock valued at $383,001,000 after acquiring an additional 34,680 shares during the period.

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.