NewEdge Advisors LLC boosted its stake in shares of Capital Group Global Equity ETF (NYSEARCA:CGGE – Free Report) by 12.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 957,504 shares of the company’s stock after acquiring an additional 103,255 shares during the quarter. NewEdge Advisors LLC owned approximately 1.13% of Capital Group Global Equity ETF worth $33,742,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Group Private Client Services Inc. lifted its position in shares of Capital Group Global Equity ETF by 20.8% during the fourth quarter. Capital Group Private Client Services Inc. now owns 5,413,104 shares of the company’s stock worth $171,217,000 after purchasing an additional 932,109 shares in the last quarter. Capital International Investors increased its holdings in shares of Capital Group Global Equity ETF by 15,343.0% in the fourth quarter. Capital International Investors now owns 3,801,915 shares of the company’s stock valued at $120,255,000 after purchasing an additional 3,777,296 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Capital Group Global Equity ETF by 16.3% in the first quarter. Cetera Investment Advisers now owns 3,285,183 shares of the company’s stock valued at $100,198,000 after purchasing an additional 459,321 shares in the last quarter. LPL Financial LLC raised its position in Capital Group Global Equity ETF by 43.1% in the 4th quarter. LPL Financial LLC now owns 2,741,720 shares of the company’s stock worth $86,721,000 after purchasing an additional 826,247 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Capital Group Global Equity ETF by 356.3% in the 4th quarter. Wells Fargo & Company MN now owns 2,334,375 shares of the company’s stock worth $73,836,000 after purchasing an additional 1,822,747 shares during the last quarter.
Capital Group Global Equity ETF Stock Performance
NYSEARCA:CGGE opened at $34.90 on Thursday. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 24.18 and a beta of 0.80. The stock’s fifty day moving average price is $35.08 and its two-hundred day moving average price is $33.67. Capital Group Global Equity ETF has a 52-week low of $29.39 and a 52-week high of $36.08.
Capital Group Global Equity ETF Company Profile
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.
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