Capital Group Private Client Services Inc. Raises Stake in Capital Group Global Equity ETF $CGGE

Capital Group Private Client Services Inc. lifted its position in shares of Capital Group Global Equity ETF (NYSEARCA:CGGE) by 62.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,480,995 shares of the company’s stock after acquiring an additional 1,722,096 shares during the quarter. Capital Group Global Equity ETF makes up 2.3% of Capital Group Private Client Services Inc.’s investment portfolio, making the stock its 9th largest position. Capital Group Private Client Services Inc. owned approximately 11.49% of Capital Group Global Equity ETF worth $137,970,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CGGE. Private Advisor Group LLC raised its stake in Capital Group Global Equity ETF by 29.5% in the 3rd quarter. Private Advisor Group LLC now owns 106,229 shares of the company’s stock valued at $3,271,000 after acquiring an additional 24,219 shares during the period. Advisor Resource Council boosted its position in Capital Group Global Equity ETF by 94.2% during the third quarter. Advisor Resource Council now owns 15,228 shares of the company’s stock worth $469,000 after purchasing an additional 7,388 shares during the period. PFG Advisors increased its stake in shares of Capital Group Global Equity ETF by 267.3% in the third quarter. PFG Advisors now owns 25,361 shares of the company’s stock worth $781,000 after purchasing an additional 18,457 shares in the last quarter. Natixis Advisors LLC purchased a new position in shares of Capital Group Global Equity ETF in the third quarter worth about $563,000. Finally, Orion Porfolio Solutions LLC bought a new stake in shares of Capital Group Global Equity ETF in the third quarter valued at approximately $12,378,000.

Capital Group Global Equity ETF Trading Up 1.3%

Shares of CGGE stock opened at $31.84 on Tuesday. The stock has a market capitalization of $1.93 billion, a P/E ratio of 24.18 and a beta of 0.72. The firm’s 50 day moving average is $32.45 and its 200 day moving average is $31.49. Capital Group Global Equity ETF has a 12 month low of $22.76 and a 12 month high of $33.20.

Capital Group Global Equity ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a dividend of $0.1276 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a yield of 40.0%.

About Capital Group Global Equity ETF

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.