Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sets New 52-Week High – Should You Buy?

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $40.34 and last traded at $40.34, with a volume of 79566 shares traded. The stock had previously closed at $39.36.

Capital Group Global Growth Equity ETF Stock Up 0.8%

The stock’s 50 day moving average price is $36.75 and its 200-day moving average price is $35.84. The stock has a market capitalization of $11.11 billion, a PE ratio of 22.37 and a beta of 1.01.

Institutional Trading of Capital Group Global Growth Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of CGGO. Brighton Jones LLC purchased a new position in Capital Group Global Growth Equity ETF during the fourth quarter valued at $243,000. Goldman Sachs Group Inc. grew its stake in Capital Group Global Growth Equity ETF by 84.9% during the first quarter. Goldman Sachs Group Inc. now owns 79,640 shares of the company’s stock valued at $2,256,000 after acquiring an additional 36,578 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Capital Group Global Growth Equity ETF by 1,057.5% during the second quarter. JPMorgan Chase & Co. now owns 211,635 shares of the company’s stock valued at $6,766,000 after acquiring an additional 193,351 shares in the last quarter. Marshall Wace LLP purchased a new position in Capital Group Global Growth Equity ETF during the second quarter valued at $1,802,000. Finally, Cerity Partners LLC grew its stake in Capital Group Global Growth Equity ETF by 3.3% during the second quarter. Cerity Partners LLC now owns 31,002 shares of the company’s stock valued at $992,000 after acquiring an additional 993 shares in the last quarter.

About Capital Group Global Growth Equity ETF

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.