Capital Group Global Equity ETF $CGGE Position Raised by Valmark Advisers Inc.

Valmark Advisers Inc. raised its stake in Capital Group Global Equity ETF (NYSEARCA:CGGE) by 48.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 112,660 shares of the company’s stock after buying an additional 36,862 shares during the quarter. Valmark Advisers Inc. owned approximately 0.20% of Capital Group Global Equity ETF worth $3,563,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CGGE. Jane Street Group LLC lifted its stake in Capital Group Global Equity ETF by 760.2% in the first quarter. Jane Street Group LLC now owns 114,653 shares of the company’s stock valued at $2,965,000 after buying an additional 101,325 shares during the last quarter. CLG LLC bought a new stake in Capital Group Global Equity ETF in the second quarter valued at $249,000. Benjamin Edwards Inc. lifted its stake in Capital Group Global Equity ETF by 97.5% in the second quarter. Benjamin Edwards Inc. now owns 140,006 shares of the company’s stock valued at $4,087,000 after buying an additional 69,100 shares during the last quarter. MML Investors Services LLC lifted its stake in Capital Group Global Equity ETF by 30.9% in the second quarter. MML Investors Services LLC now owns 685,472 shares of the company’s stock valued at $20,009,000 after buying an additional 161,915 shares during the last quarter. Finally, Lantern Wealth Advisors LLC bought a new stake in Capital Group Global Equity ETF in the second quarter valued at $710,000.

Capital Group Global Equity ETF Stock Performance

CGGE stock opened at $32.89 on Thursday. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 24.18 and a beta of 0.83. Capital Group Global Equity ETF has a 1 year low of $24.40 and a 1 year high of $33.20. The stock’s fifty day moving average is $31.77 and its two-hundred day moving average is $31.64.

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.