Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Reaches New 52-Week High – Here’s Why

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $41.75 and last traded at $41.65, with a volume of 71402 shares trading hands. The stock had previously closed at $40.57.

Capital Group Global Growth Equity ETF Trading Up 3.1%

The company’s 50-day simple moving average is $38.38 and its 200 day simple moving average is $36.40. The stock has a market cap of $11.31 billion, a P/E ratio of 22.37 and a beta of 1.02.

Institutional Trading of Capital Group Global Growth Equity ETF

A number of hedge funds have recently bought and sold shares of CGGO. Corient Private Wealth LLC boosted its position in Capital Group Global Growth Equity ETF by 2,846.3% in the fourth quarter. Corient Private Wealth LLC now owns 20,211,701 shares of the company’s stock worth $700,335,000 after purchasing an additional 19,525,691 shares during the last quarter. Capital Group Private Client Services Inc. raised its position in Capital Group Global Growth Equity ETF by 11.3% in the third quarter. Capital Group Private Client Services Inc. now owns 20,278,872 shares of the company’s stock worth $692,929,000 after acquiring an additional 2,058,313 shares during the period. LPL Financial LLC boosted its stake in Capital Group Global Growth Equity ETF by 14.9% in the fourth quarter. LPL Financial LLC now owns 15,068,808 shares of the company’s stock valued at $522,134,000 after acquiring an additional 1,958,085 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Capital Group Global Growth Equity ETF by 32.5% in the fourth quarter. Wells Fargo & Company MN now owns 5,847,836 shares of the company’s stock valued at $202,628,000 after acquiring an additional 1,433,295 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of Capital Group Global Growth Equity ETF by 15.3% during the 4th quarter. Morgan Stanley now owns 9,961,008 shares of the company’s stock valued at $345,149,000 after acquiring an additional 1,321,604 shares during the period.

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.