Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Hits New 52-Week Low – Time to Sell?

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $26.39 and last traded at $26.48, with a volume of 96216 shares traded. The stock had previously closed at $27.52.

Capital Group Global Growth Equity ETF Stock Down 6.0 %

The stock has a market cap of $4.67 billion, a P/E ratio of 23.85 and a beta of 0.96. The company has a 50-day simple moving average of $29.54 and a two-hundred day simple moving average of $29.80.

Institutional Investors Weigh In On Capital Group Global Growth Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CGGO. Rockefeller Capital Management L.P. raised its stake in shares of Capital Group Global Growth Equity ETF by 4.0% during the third quarter. Rockefeller Capital Management L.P. now owns 18,530 shares of the company’s stock valued at $559,000 after acquiring an additional 705 shares during the last quarter. HighTower Advisors LLC raised its position in Capital Group Global Growth Equity ETF by 2.4% during the 3rd quarter. HighTower Advisors LLC now owns 224,850 shares of the company’s stock valued at $6,779,000 after purchasing an additional 5,282 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Capital Group Global Growth Equity ETF by 7.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 45,296 shares of the company’s stock worth $1,366,000 after buying an additional 3,248 shares during the period. Stifel Financial Corp grew its position in shares of Capital Group Global Growth Equity ETF by 4.2% in the 3rd quarter. Stifel Financial Corp now owns 523,458 shares of the company’s stock worth $15,782,000 after buying an additional 21,196 shares during the last quarter. Finally, Insigneo Advisory Services LLC bought a new stake in shares of Capital Group Global Growth Equity ETF in the 3rd quarter worth approximately $624,000.

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.