Smartleaf Asset Management LLC Takes $9.29 Million Position in Capital Group Global Equity ETF $CGGE

Smartleaf Asset Management LLC bought a new position in shares of Capital Group Global Equity ETF (NYSEARCA:CGGE) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 303,764 shares of the company’s stock, valued at approximately $9,289,000. Capital Group Global Equity ETF accounts for about 0.6% of Smartleaf Asset Management LLC’s holdings, making the stock its 28th largest position. Smartleaf Asset Management LLC owned about 0.79% of Capital Group Global Equity ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CWM LLC acquired a new position in shares of Capital Group Global Equity ETF in the second quarter worth $29,000. IFP Advisors Inc grew its stake in Capital Group Global Equity ETF by 80.2% during the 2nd quarter. IFP Advisors Inc now owns 1,211 shares of the company’s stock worth $35,000 after purchasing an additional 539 shares in the last quarter. Financial Perspectives Inc purchased a new stake in Capital Group Global Equity ETF during the 3rd quarter worth about $35,000. Whipplewood Advisors LLC purchased a new stake in Capital Group Global Equity ETF during the 2nd quarter worth about $42,000. Finally, Farther Finance Advisors LLC increased its holdings in Capital Group Global Equity ETF by 837.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,824 shares of the company’s stock worth $179,000 after purchasing an additional 5,203 shares during the period.

Capital Group Global Equity ETF Stock Performance

Shares of CGGE opened at $32.59 on Friday. The stock has a 50-day simple moving average of $32.04 and a 200-day simple moving average of $31.05. The stock has a market capitalization of $1.98 billion, a PE ratio of 24.18 and a beta of 0.72. Capital Group Global Equity ETF has a 1 year low of $22.76 and a 1 year high of $32.94.

Capital Group Global Equity ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a dividend of $0.1276 per share. This represents a yield of 40.0%. The ex-dividend date was Friday, December 26th.

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.