Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Reaches New 1-Year High – Here’s Why

Shares of Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) reached a new 52-week high during trading on Thursday . The stock traded as high as $30.75 and last traded at $30.74, with a volume of 783285 shares traded. The stock had previously closed at $30.51.

Capital Group Global Growth Equity ETF Price Performance

The stock has a market cap of $3.65 billion, a P/E ratio of 26.27 and a beta of 1.02. The stock’s 50-day moving average is $29.86 and its two-hundred day moving average is $29.65.

Hedge Funds Weigh In On Capital Group Global Growth Equity ETF

Several institutional investors have recently added to or reduced their stakes in CGGO. Everpar Advisors LLC raised its stake in Capital Group Global Growth Equity ETF by 4.5% during the third quarter. Everpar Advisors LLC now owns 8,880 shares of the company’s stock valued at $268,000 after purchasing an additional 380 shares in the last quarter. Meridian Wealth Management LLC grew its position in Capital Group Global Growth Equity ETF by 0.9% in the 3rd quarter. Meridian Wealth Management LLC now owns 47,655 shares of the company’s stock valued at $1,437,000 after acquiring an additional 426 shares during the last quarter. Financial Advocates Investment Management lifted its holdings in Capital Group Global Growth Equity ETF by 1.1% during the 3rd quarter. Financial Advocates Investment Management now owns 43,615 shares of the company’s stock valued at $1,315,000 after buying an additional 467 shares in the last quarter. Advance Capital Management Inc. increased its holdings in Capital Group Global Growth Equity ETF by 1.6% during the 4th quarter. Advance Capital Management Inc. now owns 31,129 shares of the company’s stock worth $910,000 after purchasing an additional 504 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Capital Group Global Growth Equity ETF by 40.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,921 shares of the company’s stock worth $56,000 after acquiring an additional 557 shares during the period.

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.