Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sees Unusually-High Trading Volume

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) saw unusually-high trading volume on Wednesday . Approximately 2,539,938 shares traded hands during mid-day trading, an increase of 289% from the previous session’s volume of 653,379 shares.The stock last traded at $27.92 and had previously closed at $27.98.

Capital Group Global Growth Equity ETF Stock Performance

The company has a market cap of $3.24 billion, a PE ratio of 25.66 and a beta of 0.99. The stock’s 50 day moving average price is $28.24 and its 200-day moving average price is $26.06.

Institutional Investors Weigh In On Capital Group Global Growth Equity ETF

A number of institutional investors have recently made changes to their positions in the business. Professional Financial Advisors LLC boosted its stake in shares of Capital Group Global Growth Equity ETF by 9.0% in the 1st quarter. Professional Financial Advisors LLC now owns 34,941 shares of the company’s stock valued at $1,006,000 after purchasing an additional 2,876 shares in the last quarter. Smallwood Wealth Investment Management LLC boosted its position in Capital Group Global Growth Equity ETF by 1.4% during the 1st quarter. Smallwood Wealth Investment Management LLC now owns 97,650 shares of the company’s stock valued at $2,812,000 after buying an additional 1,325 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Capital Group Global Growth Equity ETF by 5.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,516,545 shares of the company’s stock valued at $43,676,000 after buying an additional 84,616 shares during the period. Simplicity Wealth LLC purchased a new stake in Capital Group Global Growth Equity ETF during the 1st quarter valued at $12,139,000. Finally, Principle Wealth Partners LLC purchased a new stake in Capital Group Global Growth Equity ETF during the 1st quarter valued at $637,000.

Capital Group Global Growth Equity ETF Company Profile

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.