Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sets New 1-Year High – Time to Buy?

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $30.75 and last traded at $30.74, with a volume of 783285 shares trading hands. The stock had previously closed at $30.51.

Capital Group Global Growth Equity ETF Stock Up 0.3 %

The company’s 50 day simple moving average is $29.86 and its two-hundred day simple moving average is $29.65. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 26.27 and a beta of 1.02.

Institutional Investors Weigh In On Capital Group Global Growth Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CGGO. Creative Planning raised its position in shares of Capital Group Global Growth Equity ETF by 25.9% in the 2nd quarter. Creative Planning now owns 29,691 shares of the company’s stock valued at $874,000 after purchasing an additional 6,104 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Capital Group Global Growth Equity ETF by 4.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,653,479 shares of the company’s stock worth $225,318,000 after buying an additional 326,105 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Capital Group Global Growth Equity ETF by 13.6% during the second quarter. NewEdge Advisors LLC now owns 701,782 shares of the company’s stock worth $20,660,000 after buying an additional 83,976 shares during the period. High Falls Advisors Inc purchased a new stake in shares of Capital Group Global Growth Equity ETF during the second quarter valued at $224,000. Finally, Hershey Financial Advisers LLC acquired a new position in shares of Capital Group Global Growth Equity ETF in the 2nd quarter valued at $55,000.

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.