NewEdge Advisors LLC Purchases 49,520 Shares of Capital Group Global Growth Equity ETF $CGGO

NewEdge Advisors LLC increased its position in shares of Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) by 3.0% during the second quarter, Holdings Channel reports. The institutional investor owned 1,713,417 shares of the company’s stock after purchasing an additional 49,520 shares during the period. NewEdge Advisors LLC’s holdings in Capital Group Global Growth Equity ETF were worth $72,529,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Capital Group Global Growth Equity ETF in the 4th quarter worth $243,000. Goldman Sachs Group Inc. grew its position in Capital Group Global Growth Equity ETF by 84.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 79,640 shares of the company’s stock valued at $2,256,000 after purchasing an additional 36,578 shares during the period. JPMorgan Chase & Co. increased its stake in Capital Group Global Growth Equity ETF by 1,057.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 211,635 shares of the company’s stock valued at $6,766,000 after purchasing an additional 193,351 shares in the last quarter. Marshall Wace LLP acquired a new position in Capital Group Global Growth Equity ETF during the second quarter worth $1,802,000. Finally, Cerity Partners LLC lifted its stake in shares of Capital Group Global Growth Equity ETF by 3.3% in the second quarter. Cerity Partners LLC now owns 31,002 shares of the company’s stock valued at $992,000 after buying an additional 993 shares in the last quarter.

Capital Group Global Growth Equity ETF Price Performance

Shares of NYSEARCA CGGO opened at $40.58 on Wednesday. The company has a 50-day moving average price of $40.31 and a 200-day moving average price of $38.62. The stock has a market capitalization of $11.75 billion, a P/E ratio of 22.37 and a beta of 1.02. Capital Group Global Growth Equity ETF has a 1 year low of $31.94 and a 1 year high of $42.88.

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.