Sweeney & Michel LLC Takes Position in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO)

Sweeney & Michel LLC purchased a new stake in shares of Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 29,036 shares of the company’s stock, valued at approximately $847,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC purchased a new stake in Capital Group Global Growth Equity ETF during the fourth quarter valued at $29,000. Transcendent Capital Group LLC purchased a new stake in Capital Group Global Growth Equity ETF during the fourth quarter valued at $36,000. Pinnacle Bancorp Inc. increased its position in Capital Group Global Growth Equity ETF by 150.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 1,500 shares of the company’s stock valued at $39,000 after acquiring an additional 900 shares during the last quarter. Global Retirement Partners LLC increased its position in Capital Group Global Growth Equity ETF by 170.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,625 shares of the company’s stock valued at $41,000 after acquiring an additional 1,025 shares during the last quarter. Finally, ICA Group Wealth Management LLC purchased a new stake in Capital Group Global Growth Equity ETF during the fourth quarter valued at $49,000.

Capital Group Global Growth Equity ETF Price Performance

Capital Group Global Growth Equity ETF stock traded down $0.11 during mid-day trading on Tuesday, reaching $28.47. 1,097,330 shares of the stock traded hands, compared to its average volume of 696,142. The stock has a market capitalization of $3.37 billion, a PE ratio of 26.27 and a beta of 1.02. Capital Group Global Growth Equity ETF has a 12-month low of $22.08 and a 12-month high of $30.50. The business’s 50-day moving average is $29.55 and its 200-day moving average is $28.48.

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.