Merit Financial Group LLC Sells 23,462 Shares of Capital Group Global Growth Equity ETF $CGGO

Merit Financial Group LLC trimmed its holdings in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) by 18.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,571 shares of the company’s stock after selling 23,462 shares during the period. Merit Financial Group LLC’s holdings in Capital Group Global Growth Equity ETF were worth $3,437,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CGGO. Raymond James Financial Inc. increased its stake in shares of Capital Group Global Growth Equity ETF by 0.6% during the second quarter. Raymond James Financial Inc. now owns 12,059,891 shares of the company’s stock worth $385,555,000 after purchasing an additional 71,961 shares during the period. Envestnet Asset Management Inc. boosted its stake in Capital Group Global Growth Equity ETF by 25.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,140,661 shares of the company’s stock valued at $228,287,000 after purchasing an additional 1,431,332 shares during the period. Cetera Investment Advisers grew its holdings in Capital Group Global Growth Equity ETF by 81.9% in the 2nd quarter. Cetera Investment Advisers now owns 5,855,934 shares of the company’s stock valued at $187,214,000 after buying an additional 2,636,977 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Capital Group Global Growth Equity ETF by 3.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,013,064 shares of the company’s stock worth $160,268,000 after buying an additional 160,219 shares during the period. Finally, Osaic Holdings Inc. increased its position in Capital Group Global Growth Equity ETF by 11.1% during the 2nd quarter. Osaic Holdings Inc. now owns 4,365,979 shares of the company’s stock worth $139,464,000 after buying an additional 435,304 shares during the period.

Capital Group Global Growth Equity ETF Stock Performance

CGGO opened at $35.15 on Friday. The stock has a fifty day moving average of $34.58 and a 200-day moving average of $33.52. The company has a market capitalization of $7.82 billion, a P/E ratio of 22.37 and a beta of 0.96. Capital Group Global Growth Equity ETF has a fifty-two week low of $24.67 and a fifty-two week high of $35.60.

Capital Group Global Growth Equity ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a $0.3978 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a yield of 227.0%.

Capital Group Global Growth Equity ETF 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.