Novem Group Lowers Stock Holdings in Capital Group Global Growth Equity ETF $CGGO

Novem Group lowered its holdings in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) by 70.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,417 shares of the company’s stock after selling 139,769 shares during the period. Novem Group’s holdings in Capital Group Global Growth Equity ETF were worth $1,990,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CGGO. Envestnet Asset Management Inc. grew its position in Capital Group Global Growth Equity ETF by 29.0% during the third quarter. Envestnet Asset Management Inc. now owns 9,209,394 shares of the company’s stock valued at $314,685,000 after acquiring an additional 2,068,733 shares during the period. Capital Group Private Client Services Inc. grew its position in Capital Group Global Growth Equity ETF by 11.3% during the third quarter. Capital Group Private Client Services Inc. now owns 20,278,872 shares of the company’s stock valued at $692,929,000 after acquiring an additional 2,058,313 shares during the period. Bank of America Corp DE grew its position in Capital Group Global Growth Equity ETF by 38.5% during the third quarter. Bank of America Corp DE now owns 3,166,163 shares of the company’s stock valued at $108,188,000 after acquiring an additional 880,874 shares during the period. BIP Wealth LLC purchased a new stake in Capital Group Global Growth Equity ETF during the fourth quarter valued at about $23,656,000. Finally, Jones Financial Companies Lllp grew its position in Capital Group Global Growth Equity ETF by 21.5% during the third quarter. Jones Financial Companies Lllp now owns 3,578,414 shares of the company’s stock valued at $121,096,000 after acquiring an additional 632,392 shares during the period.

Capital Group Global Growth Equity ETF Trading Down 0.3%

CGGO stock opened at $37.38 on Tuesday. The stock has a 50-day moving average price of $35.37 and a two-hundred day moving average price of $35.14. Capital Group Global Growth Equity ETF has a 12-month low of $26.46 and a 12-month high of $37.85. The company has a market cap of $9.93 billion, a PE ratio of 22.37 and a beta of 0.99.

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.