Capital Group Global Growth Equity ETF $CGGO Stock: Convergence Financial LLC Lowers Stake

Convergence Financial LLC reduced its position in shares of Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) by 48.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 67,864 shares of the company’s stock after selling 64,288 shares during the quarter. Convergence Financial LLC’s holdings in Capital Group Global Growth Equity ETF were worth $2,700,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. increased its position in Capital Group Global Growth Equity ETF by 91.7% in the first quarter. Sunbelt Securities Inc. now owns 1,449 shares of the company’s stock worth $48,000 after purchasing an additional 693 shares during the last quarter. CoreCap Advisors LLC lifted its position in Capital Group Global Growth Equity ETF by 30.1% during the second quarter. CoreCap Advisors LLC now owns 1,711 shares of the company’s stock valued at $72,000 after purchasing an additional 396 shares during the last quarter. Beacon Financial Strategies CORP bought a new position in Capital Group Global Growth Equity ETF during the second quarter valued at $77,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Capital Group Global Growth Equity ETF by 27.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,975 shares of the company’s stock worth $84,000 after buying an additional 425 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in shares of Capital Group Global Growth Equity ETF in the 1st quarter worth $67,000.

Capital Group Global Growth Equity ETF Stock Up 1.0%

Shares of NYSEARCA:CGGO opened at $38.46 on Thursday. The firm has a fifty day simple moving average of $39.56 and a two-hundred day simple moving average of $38.39. Capital Group Global Growth Equity ETF has a 52 week low of $31.94 and a 52 week high of $42.88. The stock has a market capitalization of $11.88 billion, a P/E ratio of 22.37 and a beta of 1.02.

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.