Merit Financial Group LLC Has $4.59 Million Stock Position in Capital Group Global Equity ETF $CGGE

Merit Financial Group LLC grew its stake in shares of Capital Group Global Equity ETF (NYSEARCA:CGGE) by 16.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 148,996 shares of the company’s stock after acquiring an additional 21,509 shares during the period. Merit Financial Group LLC’s holdings in Capital Group Global Equity ETF were worth $4,588,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of Capital Group Global Equity ETF by 39.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,891,480 shares of the company’s stock valued at $113,592,000 after acquiring an additional 1,108,946 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Capital Group Global Equity ETF by 56.4% during the second quarter. Cetera Investment Advisers now owns 1,142,936 shares of the company’s stock valued at $33,362,000 after purchasing an additional 412,304 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Capital Group Global Equity ETF by 30.9% during the second quarter. MML Investors Services LLC now owns 685,472 shares of the company’s stock worth $20,009,000 after purchasing an additional 161,915 shares during the last quarter. Investment Planning Advisors Inc. acquired a new position in shares of Capital Group Global Equity ETF in the second quarter valued at approximately $16,849,000. Finally, Royal Bank of Canada raised its holdings in Capital Group Global Equity ETF by 22.1% in the 1st quarter. Royal Bank of Canada now owns 437,918 shares of the company’s stock valued at $11,324,000 after buying an additional 79,129 shares during the last quarter.

Capital Group Global Equity ETF Price Performance

NYSEARCA:CGGE opened at $31.63 on Friday. Capital Group Global Equity ETF has a one year low of $22.76 and a one year high of $32.02. The company has a market cap of $1.23 billion, a PE ratio of 24.18 and a beta of 0.72. The firm’s 50 day simple moving average is $31.35 and its 200 day simple moving average is $30.39.

Capital Group Global Equity ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a dividend of $0.1276 per share. This represents a dividend yield of 40.0%. The ex-dividend date was Friday, December 26th.

Capital Group Global Equity ETF Profile

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.