J. Derek Lewis & Associates Inc. Invests $775,000 in Capital Group Global Equity ETF $CGGE

J. Derek Lewis & Associates Inc. acquired a new stake in Capital Group Global Equity ETF (NYSEARCA:CGGE) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 24,504 shares of the company’s stock, valued at approximately $775,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CGGE. Ameritas Advisory Services LLC purchased a new position in Capital Group Global Equity ETF in the 3rd quarter worth $49,000. TD Waterhouse Canada Inc. bought a new stake in Capital Group Global Equity ETF in the fourth quarter worth $58,000. CIBC Private Wealth Group LLC purchased a new stake in Capital Group Global Equity ETF during the third quarter valued at about $73,000. Comerica Bank purchased a new stake in Capital Group Global Equity ETF during the third quarter valued at about $82,000. Finally, Birchwood Financial Partners Inc. purchased a new stake in Capital Group Global Equity ETF during the fourth quarter valued at about $87,000.

Capital Group Global Equity ETF Stock Performance

Shares of NYSEARCA:CGGE opened at $35.00 on Friday. The stock has a market capitalization of $2.65 billion, a P/E ratio of 24.18 and a beta of 0.82. The stock’s 50-day moving average price is $33.64 and its 200-day moving average price is $32.49. Capital Group Global Equity ETF has a 12-month low of $27.85 and a 12-month high of $35.10.

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.