Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sets New 52-Week High – Should You Buy?

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) hit a new 52-week high on Monday . The stock traded as high as $42.88 and last traded at $42.81, with a volume of 69883 shares changing hands. The stock had previously closed at $42.45.

Capital Group Global Growth Equity ETF Stock Down 4.0%

The firm has a market cap of $11.06 billion, a P/E ratio of 22.37 and a beta of 1.02. The firm has a fifty day moving average of $39.36 and a 200-day moving average of $36.76.

Hedge Funds Weigh In On Capital Group Global Growth Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pflug Koory LLC bought a new stake in Capital Group Global Growth Equity ETF during the fourth quarter worth $25,000. Miller Capital Partners Inc. bought a new position in shares of Capital Group Global Growth Equity ETF in the 4th quarter valued at about $41,000. CoreCap Advisors LLC increased its stake in shares of Capital Group Global Growth Equity ETF by 35.4% during the 4th quarter. CoreCap Advisors LLC now owns 1,219 shares of the company’s stock worth $42,000 after purchasing an additional 319 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Capital Group Global Growth Equity ETF by 126.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,268 shares of the company’s stock valued at $44,000 after purchasing an additional 707 shares during the period. Finally, TD Capital Management LLC bought a new stake in shares of Capital Group Global Growth Equity ETF in the 4th quarter valued at about $48,000.

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.