Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Reaches New 12-Month High – What’s Next?

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) hit a new 52-week high on Thursday . The stock traded as high as $37.10 and last traded at $36.7970, with a volume of 106121 shares changing hands. The stock had previously closed at $36.97.

Capital Group Global Growth Equity ETF Price Performance

The firm has a market cap of $8.94 billion, a P/E ratio of 22.37 and a beta of 0.96. The company’s 50-day moving average is $35.91 and its two-hundred day moving average is $34.65.

Capital Group Global Growth Equity ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a $0.3978 dividend. This represents a yield of 227.0%. The ex-dividend date of this dividend was Friday, December 26th.

Hedge Funds Weigh In On Capital Group Global Growth Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of CGGO. Pflug Koory LLC bought a new stake in shares of Capital Group Global Growth Equity ETF during the 4th quarter worth $25,000. Miller Capital Partners Inc. acquired a new position in Capital Group Global Growth Equity ETF during the fourth quarter worth about $41,000. CoreCap Advisors LLC lifted its holdings in shares of Capital Group Global Growth Equity ETF by 35.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,219 shares of the company’s stock worth $42,000 after acquiring an additional 319 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Capital Group Global Growth Equity ETF by 126.0% in the 4th 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, Huntington National Bank acquired a new stake in shares of Capital Group Global Growth Equity ETF in the 3rd quarter valued at approximately $48,000.

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.