BNB Wealth Management LLC Invests $1.79 Million in Capital Group Global Equity ETF $CGGE

BNB Wealth Management LLC bought a new position in shares of Capital Group Global Equity ETF (NYSEARCA:CGGE) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 56,462 shares of the company’s stock, valued at approximately $1,786,000. Capital Group Global Equity ETF accounts for 1.2% of BNB Wealth Management LLC’s investment portfolio, making the stock its 27th largest position.

A number of other institutional investors also recently modified their holdings of CGGE. Stratos Wealth Partners LTD. lifted its holdings in Capital Group Global Equity ETF by 45.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 170,451 shares of the company’s stock worth $5,391,000 after buying an additional 53,158 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in Capital Group Global Equity ETF in the fourth quarter worth about $1,067,000. Valmark Advisers Inc. lifted its holdings in Capital Group Global Equity ETF by 48.6% in the fourth quarter. Valmark Advisers Inc. now owns 112,660 shares of the company’s stock worth $3,563,000 after buying an additional 36,862 shares during the period. Orion Porfolio Solutions LLC purchased a new stake in Capital Group Global Equity ETF in the third quarter worth about $12,378,000. Finally, Intrua Financial LLC lifted its holdings in Capital Group Global Equity ETF by 24.7% in the fourth quarter. Intrua Financial LLC now owns 224,506 shares of the company’s stock worth $7,101,000 after buying an additional 44,540 shares during the period.

Capital Group Global Equity ETF Price Performance

Shares of CGGE opened at $34.47 on Thursday. Capital Group Global Equity ETF has a one year low of $27.85 and a one year high of $35.00. The company has a 50-day simple moving average of $33.50 and a two-hundred day simple moving average of $32.44. The firm has a market capitalization of $2.61 billion, a PE ratio of 24.18 and a beta of 0.82.

About Capital Group Global Equity ETF

The Capital Group Global Equity ETF (CGGE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks total returns by actively managing a portfolio of companies from around the world. CGGE was launched on Jun 25, 2024 and is issued by Capital Group.