Novem Group Makes New Investment in Capital Group Global Growth Equity ETF $CGGO

Novem Group acquired a new stake in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 196,325 shares of the company’s stock, valued at approximately $6,277,000. Capital Group Global Growth Equity ETF accounts for about 0.8% of Novem Group’s holdings, making the stock its 29th biggest position. Novem Group owned 0.10% of Capital Group Global Growth Equity ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CX Institutional purchased a new position in shares of Capital Group Global Growth Equity ETF during the 1st quarter valued at approximately $26,000. US Bancorp DE grew its position in Capital Group Global Growth Equity ETF by 115.7% during the first quarter. US Bancorp DE now owns 1,512 shares of the company’s stock valued at $43,000 after buying an additional 811 shares during the period. Allworth Financial LP raised its position in shares of Capital Group Global Growth Equity ETF by 58.2% in the first quarter. Allworth Financial LP now owns 2,172 shares of the company’s stock worth $61,000 after acquiring an additional 799 shares during the period. IFP Advisors Inc boosted its stake in shares of Capital Group Global Growth Equity ETF by 31.2% during the 1st quarter. IFP Advisors Inc now owns 2,367 shares of the company’s stock worth $67,000 after acquiring an additional 563 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Capital Group Global Growth Equity ETF by 51.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,901 shares of the company’s stock valued at $82,000 after acquiring an additional 980 shares during the period.

Capital Group Global Growth Equity ETF Trading Down 0.7%

Shares of CGGO opened at $33.68 on Friday. The firm has a market cap of $6.95 billion, a P/E ratio of 22.37 and a beta of 0.99. Capital Group Global Growth Equity ETF has a 12 month low of $24.67 and a 12 month high of $34.31. The stock’s 50 day moving average is $32.88 and its two-hundred day moving average is $30.79.

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.