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

Shares of Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) reached a new 52-week high during trading on Thursday . The stock traded as high as $30.75 and last traded at $30.74, with a volume of 783285 shares traded. The stock had previously closed at $30.51.

Capital Group Global Growth Equity ETF Stock Up 0.8 %

The stock has a market capitalization of $3.64 billion, a PE ratio of 26.27 and a beta of 1.02. The stock’s 50-day moving average is $29.81 and its 200 day moving average is $29.64.

Institutional Trading of Capital Group Global Growth Equity ETF

A number of institutional investors have recently bought and sold shares of CGGO. First Horizon Advisors Inc. increased its position in Capital Group Global Growth Equity ETF by 894.5% during the third quarter. First Horizon Advisors Inc. now owns 1,621 shares of the company’s stock worth $49,000 after buying an additional 1,458 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in shares of Capital Group Global Growth Equity ETF during the second quarter valued at approximately $55,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Capital Group Global Growth Equity ETF by 40.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,921 shares of the company’s stock valued at $56,000 after acquiring an additional 557 shares during the period. Geneos Wealth Management Inc. grew its position in Capital Group Global Growth Equity ETF by 73.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,303 shares of the company’s stock worth $67,000 after acquiring an additional 972 shares during the last quarter. Finally, Barrett & Company Inc. increased its holdings in Capital Group Global Growth Equity ETF by 643.9% during the 3rd quarter. Barrett & Company Inc. now owns 2,455 shares of the company’s stock valued at $74,000 after purchasing an additional 2,125 shares in the last quarter.

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.