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

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $37.10 and last traded at $36.7970, with a volume of 106121 shares. The stock had previously closed at $36.97.

Capital Group Global Growth Equity ETF Stock Performance

The company has a fifty day moving average price of $35.91 and a two-hundred day moving average price of $34.65. The company has a market cap of $8.94 billion, a P/E ratio of 22.37 and a beta of 0.96.

Capital Group Global Growth Equity ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given 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%.

Institutional Trading of Capital Group Global Growth Equity ETF

A number of large investors have recently added to or reduced their stakes in the company. Capital Group Private Client Services Inc. raised its holdings in shares of Capital Group Global Growth Equity ETF by 4.1% in the 4th quarter. Capital Group Private Client Services Inc. now owns 21,118,680 shares of the company’s stock valued at $731,762,000 after purchasing an additional 839,808 shares during the period. Corient Private Wealth LLC increased its position in Capital Group Global Growth Equity ETF by 2,846.3% during the fourth quarter. Corient Private Wealth LLC now owns 20,211,701 shares of the company’s stock worth $700,335,000 after buying an additional 19,525,691 shares during the last quarter. LPL Financial LLC increased its position in Capital Group Global Growth Equity ETF by 14.9% during the fourth quarter. LPL Financial LLC now owns 15,068,808 shares of the company’s stock worth $522,134,000 after buying an additional 1,958,085 shares during the last quarter. Raymond James Financial Inc. raised its stake in Capital Group Global Growth Equity ETF by 9.3% in the fourth quarter. Raymond James Financial Inc. now owns 13,130,315 shares of the company’s stock valued at $454,965,000 after buying an additional 1,121,445 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Capital Group Global Growth Equity ETF by 0.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,053,425 shares of the company’s stock valued at $383,001,000 after buying an additional 34,680 shares during 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.