HBW Advisory Services LLC Raises Position in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO)

HBW Advisory Services LLC raised its stake in shares of Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) by 11.1% during the fourth quarter, HoldingsChannel reports. The firm owned 101,100 shares of the company’s stock after buying an additional 10,079 shares during the quarter. HBW Advisory Services LLC’s holdings in Capital Group Global Growth Equity ETF were worth $2,954,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thoroughbred Financial Services LLC raised its position in Capital Group Global Growth Equity ETF by 17.0% during the second quarter. Thoroughbred Financial Services LLC now owns 20,592 shares of the company’s stock valued at $606,000 after purchasing an additional 2,995 shares during the period. Souders Financial Advisors grew its stake in shares of Capital Group Global Growth Equity ETF by 3.3% during the second quarter. Souders Financial Advisors now owns 248,961 shares of the company’s stock valued at $7,329,000 after buying an additional 7,977 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Capital Group Global Growth Equity ETF by 70.9% during the second quarter. Envestnet Asset Management Inc. now owns 3,036,209 shares of the company’s stock valued at $89,386,000 after buying an additional 1,259,552 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Capital Group Global Growth Equity ETF by 47.6% during the second quarter. Cetera Investment Advisers now owns 1,771,095 shares of the company’s stock valued at $52,141,000 after buying an additional 571,019 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in shares of Capital Group Global Growth Equity ETF during the third quarter valued at approximately $563,000.

Capital Group Global Growth Equity ETF Price Performance

Shares of CGGO traded down $0.33 during mid-day trading on Friday, reaching $29.24. 914,487 shares of the company’s stock traded hands, compared to its average volume of 859,567. The stock has a market cap of $3.46 billion, a P/E ratio of 26.27 and a beta of 1.02. The stock’s 50-day moving average is $29.86 and its two-hundred day moving average is $29.64. Capital Group Global Growth Equity ETF has a 12 month low of $25.17 and a 12 month high of $30.72.

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.