59,503 Shares in Capital Group Global Equity ETF (NYSEARCA:CGGE) Acquired by Merit Financial Group LLC

Merit Financial Group LLC bought a new position in shares of Capital Group Global Equity ETF (NYSEARCA:CGGE) in the 1st quarter, HoldingsChannel.com reports. The firm bought 59,503 shares of the company’s stock, valued at approximately $1,539,000.

Several other institutional investors have also recently added to or reduced their stakes in CGGE. Capital Group Private Client Services Inc. lifted its stake in Capital Group Global Equity ETF by 29.3% during the fourth quarter. Capital Group Private Client Services Inc. now owns 1,401,366 shares of the company’s stock worth $35,744,000 after purchasing an additional 317,715 shares during the last quarter. LPL Financial LLC purchased a new stake in Capital Group Global Equity ETF during the fourth quarter worth approximately $2,380,000. IAG Wealth Partners LLC purchased a new stake in Capital Group Global Equity ETF during the fourth quarter worth approximately $669,000. Commonwealth Equity Services LLC purchased a new stake in Capital Group Global Equity ETF during the fourth quarter worth approximately $643,000. Finally, Captrust Financial Advisors purchased a new stake in Capital Group Global Equity ETF during the fourth quarter worth approximately $305,000.

Capital Group Global Equity ETF Trading Up 0.5%

Shares of NYSEARCA CGGE opened at $28.48 on Friday. Capital Group Global Equity ETF has a twelve month low of $22.77 and a twelve month high of $28.54. The stock has a 50 day moving average of $26.41 and a two-hundred day moving average of $26.33. The stock has a market cap of $386.19 million and a P/E ratio of 23.16.

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.