Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Reaches New 52-Week High – Still a Buy?

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) hit a new 52-week high during trading on Monday . The company traded as high as $35.64 and last traded at $35.6550, with a volume of 273012 shares changing hands. The stock had previously closed at $35.15.

Capital Group Global Growth Equity ETF Stock Performance

The business’s 50 day moving average price is $34.58 and its 200 day moving average price is $33.55. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of 22.37 and a beta of 0.96.

Capital Group Global Growth Equity ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a dividend of $0.3978 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a dividend yield of 227.0%.

Hedge Funds Weigh In On Capital Group Global Growth Equity ETF

A number of hedge funds have recently made changes to their positions in the stock. Financial Security Advisor Inc. boosted its holdings in Capital Group Global Growth Equity ETF by 1.9% in the third quarter. Financial Security Advisor Inc. now owns 17,107 shares of the company’s stock valued at $585,000 after purchasing an additional 316 shares during the period. Berger Financial Group Inc raised its holdings in Capital Group Global Growth Equity ETF by 4.8% during the second quarter. Berger Financial Group Inc now owns 7,654 shares of the company’s stock worth $245,000 after purchasing an additional 352 shares in the last quarter. Belpointe Asset Management LLC raised its position in Capital Group Global Growth Equity ETF by 1.1% in the first quarter. Belpointe Asset Management LLC now owns 32,612 shares of the company’s stock worth $924,000 after acquiring an additional 366 shares in the last quarter. Brighton Jones LLC increased its stake in Capital Group Global Growth Equity ETF by 5.5% in the 2nd quarter. Brighton Jones LLC now owns 8,790 shares of the company’s stock valued at $281,000 after purchasing an additional 457 shares in the last quarter. Finally, Choreo LLC increased its position in Capital Group Global Growth Equity ETF by 3.0% during the third quarter. Choreo LLC now owns 18,603 shares of the company’s stock worth $636,000 after buying an additional 542 shares in the last quarter.

About Capital Group Global Growth Equity ETF

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.