Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sees Large Volume Increase

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) saw an uptick in trading volume on Wednesday . 227,244 shares changed hands during trading, a decline of 66% from the previous session’s volume of 674,600 shares.The stock last traded at $29.75 and had previously closed at $29.57.

Capital Group Global Growth Equity ETF Stock Performance

The business’s 50-day moving average price is $29.21 and its 200 day moving average price is $27.92. The stock has a market capitalization of $3.52 billion, a PE ratio of 26.27 and a beta of 1.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rather & Kittrell Inc. bought a new stake in Capital Group Global Growth Equity ETF in the fourth quarter worth $208,000. Vestmark Advisory Solutions Inc. lifted its stake in Capital Group Global Growth Equity ETF by 28.1% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 59,992 shares of the company’s stock worth $1,544,000 after purchasing an additional 13,175 shares during the last quarter. Arkadios Wealth Advisors bought a new position in shares of Capital Group Global Growth Equity ETF during the fourth quarter valued at about $623,000. Assetmark Inc. raised its stake in shares of Capital Group Global Growth Equity ETF by 10.0% during the fourth quarter. Assetmark Inc. now owns 101,716 shares of the company’s stock valued at $2,617,000 after acquiring an additional 9,250 shares during the last quarter. Finally, Signature Resources Capital Management LLC bought a new position in shares of Capital Group Global Growth Equity ETF during the fourth quarter valued at about $70,000.

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.