Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sets New 52-Week High – Should You Buy?

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $40.34 and last traded at $40.34, with a volume of 79566 shares. The stock had previously closed at $39.36.

Capital Group Global Growth Equity ETF Trading Up 2.7%

The company’s 50 day moving average price is $36.51 and its two-hundred day moving average price is $35.75. The stock has a market cap of $10.94 billion, a P/E ratio of 22.37 and a beta of 1.01.

Hedge Funds Weigh In On Capital Group Global Growth Equity ETF

A number of institutional investors have recently bought and sold shares of CGGO. Brighton Jones LLC bought a new position in Capital Group Global Growth Equity ETF in the 4th quarter worth $243,000. Goldman Sachs Group Inc. raised its holdings in Capital Group Global Growth Equity ETF by 84.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 79,640 shares of the company’s stock worth $2,256,000 after purchasing an additional 36,578 shares during the period. JPMorgan Chase & Co. raised its holdings in Capital Group Global Growth Equity ETF by 1,057.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 211,635 shares of the company’s stock worth $6,766,000 after purchasing an additional 193,351 shares during the period. Marshall Wace LLP bought a new position in Capital Group Global Growth Equity ETF in the 2nd quarter worth $1,802,000. Finally, Cerity Partners LLC raised its holdings in Capital Group Global Growth Equity ETF by 3.3% in the 2nd quarter. Cerity Partners LLC now owns 31,002 shares of the company’s stock worth $992,000 after purchasing an additional 993 shares during the period.

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.