Perennial Investment Advisors LLC Takes Position in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO)

Perennial Investment Advisors LLC purchased a new position in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,325 shares of the company’s stock, valued at approximately $798,000.

Several other hedge funds have also recently made changes to their positions in CGGO. Raymond James Financial Inc. bought a new stake in Capital Group Global Growth Equity ETF in the 4th quarter worth approximately $358,139,000. LPL Financial LLC boosted its stake in shares of Capital Group Global Growth Equity ETF by 21.8% in the 4th quarter. LPL Financial LLC now owns 6,745,848 shares of the company’s stock worth $197,114,000 after buying an additional 1,209,008 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Capital Group Global Growth Equity ETF in the fourth quarter worth $25,973,000. Forge Financial Services LLC purchased a new stake in Capital Group Global Growth Equity ETF during the fourth quarter valued at $22,075,000. Finally, Commonwealth Equity Services LLC lifted its holdings in Capital Group Global Growth Equity ETF by 15.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,904,641 shares of the company’s stock valued at $114,094,000 after acquiring an additional 520,373 shares during the period.

Capital Group Global Growth Equity ETF Stock Down 6.0 %

Capital Group Global Growth Equity ETF stock opened at $25.88 on Friday. The business has a 50-day simple moving average of $29.54 and a two-hundred day simple moving average of $29.80. Capital Group Global Growth Equity ETF has a 52-week low of $25.86 and a 52-week high of $30.94. The company has a market cap of $4.67 billion, a P/E ratio of 23.85 and a beta of 0.96.

Capital Group Global Growth Equity ETF 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.