Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sees Strong Trading Volume

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) shares saw unusually-high trading volume on Wednesday . Approximately 227,244 shares traded hands during mid-day 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 stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 26.27 and a beta of 1.02. The business has a 50-day moving average of $29.29 and a 200-day moving average of $27.95.

Institutional Trading of Capital Group Global Growth Equity ETF

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in Capital Group Global Growth Equity ETF by 6.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 30,515 shares of the company’s stock worth $849,000 after acquiring an additional 1,843 shares during the period. Cetera Advisor Networks LLC lifted its position in Capital Group Global Growth Equity ETF by 32.0% during the 1st quarter. Cetera Advisor Networks LLC now owns 770,305 shares of the company’s stock worth $22,185,000 after acquiring an additional 186,708 shares during the period. Cetera Investment Advisers lifted its position in Capital Group Global Growth Equity ETF by 331.3% during the 1st quarter. Cetera Investment Advisers now owns 1,200,076 shares of the company’s stock worth $34,562,000 after acquiring an additional 921,840 shares during the period. Sweeney & Michel LLC acquired a new stake in Capital Group Global Growth Equity ETF during the 1st quarter worth approximately $847,000. Finally, Kestra Advisory Services LLC lifted its position in Capital Group Global Growth Equity ETF by 10.1% during the 1st quarter. Kestra Advisory Services LLC now owns 598,993 shares of the company’s stock worth $17,251,000 after acquiring an additional 55,118 shares during the period.

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.