Assetmark Inc. Increases Position in Capital Group Global Equity ETF $CGGE

Assetmark Inc. raised its stake in shares of Capital Group Global Equity ETF (NYSEARCA:CGGE) by 17.9% in the 1st quarter, Holdings Channel reports. The fund owned 1,429,913 shares of the company’s stock after acquiring an additional 216,961 shares during the quarter. Assetmark Inc.’s holdings in Capital Group Global Equity ETF were worth $43,612,000 as of its most recent filing with the Securities & Exchange Commission.

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

Capital Group Global Equity ETF Trading Down 0.8%

Shares of CGGE opened at $34.29 on Friday. Capital Group Global Equity ETF has a twelve month low of $28.74 and a twelve month high of $35.40. The stock’s 50 day moving average is $34.37 and its two-hundred day moving average is $32.93. The firm has a market capitalization of $2.89 billion, a PE ratio of 24.18 and a beta of 0.80.

About Capital Group Global Equity ETF

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.