Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Hits New 1-Year Low – Here’s Why

Capital Group Global Growth Equity ETF (NYSEARCA:CGGOGet Free Report)’s stock price reached a new 52-week low on Friday . The stock traded as low as $26.39 and last traded at $26.48, with a volume of 96216 shares traded. The stock had previously closed at $27.52.

Capital Group Global Growth Equity ETF Stock Down 6.0 %

The company has a market cap of $4.67 billion, a P/E ratio of 23.85 and a beta of 0.96. The firm has a 50 day moving average of $29.54 and a 200-day moving average of $29.80.

Hedge Funds Weigh In On Capital Group Global Growth Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of CGGO. Kera Capital Partners Inc. boosted its holdings in Capital Group Global Growth Equity ETF by 5.8% in the first quarter. Kera Capital Partners Inc. now owns 147,330 shares of the company’s stock worth $4,174,000 after acquiring an additional 8,131 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new position in shares of Capital Group Global Growth Equity ETF in the 4th quarter valued at approximately $1,120,000. Wealth Enhancement Advisory Services LLC boosted its stake in Capital Group Global Growth Equity ETF by 9.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,869,268 shares of the company’s stock worth $54,620,000 after purchasing an additional 162,870 shares in the last quarter. Centaurus Financial Inc. purchased a new stake in Capital Group Global Growth Equity ETF during the 4th quarter worth approximately $223,000. Finally, BridgePort Financial Solutions LLC acquired a new position in Capital Group Global Growth Equity ETF during the 4th quarter valued at approximately $637,000.

About Capital Group Global Growth Equity ETF

(Get Free Report)

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.

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