Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sets New 12-Month High – What’s Next?

Shares of Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) hit a new 52-week high during trading on Friday . The company traded as high as $33.01 and last traded at $33.03, with a volume of 221963 shares trading hands. The stock had previously closed at $32.51.

Capital Group Global Growth Equity ETF Price Performance

The company has a fifty day moving average price of $32.13 and a two-hundred day moving average price of $30.26. The company has a market capitalization of $6.80 billion, a P/E ratio of 22.37 and a beta of 0.99.

Hedge Funds Weigh In On Capital Group Global Growth Equity ETF

Several large investors have recently modified their holdings of the business. Raymond James Financial Inc. grew its stake in shares of Capital Group Global Growth Equity ETF by 0.6% in the second quarter. Raymond James Financial Inc. now owns 12,059,891 shares of the company’s stock worth $385,555,000 after purchasing an additional 71,961 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Capital Group Global Growth Equity ETF by 5.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 10,746,718 shares of the company’s stock worth $304,455,000 after buying an additional 601,927 shares during the period. LPL Financial LLC grew its position in shares of Capital Group Global Growth Equity ETF by 33.9% in the 1st quarter. LPL Financial LLC now owns 9,035,420 shares of the company’s stock valued at $255,973,000 after buying an additional 2,289,572 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Capital Group Global Growth Equity ETF by 25.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,140,661 shares of the company’s stock valued at $228,287,000 after buying an additional 1,431,332 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Capital Group Global Growth Equity ETF by 81.9% in the second quarter. Cetera Investment Advisers now owns 5,855,934 shares of the company’s stock valued at $187,214,000 after buying an additional 2,636,977 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.