Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Hits New 12-Month High – Still a Buy?

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $41.75 and last traded at $41.65, with a volume of 71402 shares. The stock had previously closed at $40.57.

Capital Group Global Growth Equity ETF Price Performance

The stock has a market capitalization of $11.31 billion, a price-to-earnings ratio of 22.37 and a beta of 1.02. The business’s fifty day moving average price is $38.38 and its 200-day moving average price is $36.40.

Institutional Trading of Capital Group Global Growth Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of CGGO. Pflug Koory LLC purchased a new stake in Capital Group Global Growth Equity ETF in the 4th quarter valued at $25,000. Miller Capital Partners Inc. purchased a new stake in shares of Capital Group Global Growth Equity ETF in the fourth quarter valued at about $41,000. CoreCap Advisors LLC lifted its position in shares of Capital Group Global Growth Equity ETF by 35.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,219 shares of the company’s stock valued at $42,000 after purchasing an additional 319 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Capital Group Global Growth Equity ETF by 126.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,268 shares of the company’s stock valued at $44,000 after purchasing an additional 707 shares in the last quarter. Finally, TD Capital Management LLC purchased a new position in Capital Group Global Growth Equity ETF during the fourth quarter worth about $48,000.

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.