Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Hits New 1-Year High – Should You Buy?

Shares of Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) reached a new 52-week high during trading on Thursday . The stock traded as high as $37.12 and last traded at $37.04, with a volume of 108215 shares traded. The stock had previously closed at $37.07.

Capital Group Global Growth Equity ETF Stock Up 1.5%

The firm’s fifty day moving average price is $35.35 and its 200 day moving average price is $35.11. The stock has a market cap of $9.97 billion, a PE ratio of 22.37 and a beta of 0.99.

Institutional Investors Weigh In On Capital Group Global Growth Equity ETF

Large investors have recently bought and sold shares of the business. American Financial Advisors LLC increased its position in Capital Group Global Growth Equity ETF by 223.6% in the third quarter. American Financial Advisors LLC now owns 23,768 shares of the company’s stock worth $812,000 after purchasing an additional 16,424 shares during the last quarter. Clarity Wealth Advisors LLC increased its position in Capital Group Global Growth Equity ETF by 5.5% in the third quarter. Clarity Wealth Advisors LLC now owns 301,261 shares of the company’s stock worth $10,294,000 after purchasing an additional 15,829 shares during the last quarter. Frazier Financial Advisors LLC increased its position in Capital Group Global Growth Equity ETF by 192.1% in the third quarter. Frazier Financial Advisors LLC now owns 353,941 shares of the company’s stock worth $12,094,000 after purchasing an additional 232,777 shares during the last quarter. Arlington Financial Advisors LLC increased its position in Capital Group Global Growth Equity ETF by 3.9% in the fourth quarter. Arlington Financial Advisors LLC now owns 1,400,492 shares of the company’s stock worth $48,527,000 after purchasing an additional 52,375 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Capital Group Global Growth Equity ETF by 227.6% in the third quarter. Farther Finance Advisors LLC now owns 83,256 shares of the company’s stock worth $2,845,000 after purchasing an additional 57,844 shares during the last quarter.

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.