Valmark Advisers Inc. Increases Holdings in Capital Group Global Growth Equity ETF $CGGO

Valmark Advisers Inc. raised its stake in shares of Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) by 8.9% in the second quarter, Holdings Channel reports. The institutional investor owned 552,929 shares of the company’s stock after buying an additional 45,381 shares during the quarter. Valmark Advisers Inc.’s holdings in Capital Group Global Growth Equity ETF were worth $17,677,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Trueblood Wealth Management LLC raised its stake in Capital Group Global Growth Equity ETF by 10.2% during the second quarter. Trueblood Wealth Management LLC now owns 74,664 shares of the company’s stock valued at $2,387,000 after buying an additional 6,931 shares during the last quarter. Seamount Financial Group Inc. raised its stake in Capital Group Global Growth Equity ETF by 42.8% during the second quarter. Seamount Financial Group Inc. now owns 31,146 shares of the company’s stock valued at $996,000 after buying an additional 9,332 shares during the last quarter. Confluence Wealth Services Inc. raised its stake in Capital Group Global Growth Equity ETF by 3.7% during the second quarter. Confluence Wealth Services Inc. now owns 168,127 shares of the company’s stock valued at $5,375,000 after buying an additional 5,969 shares during the last quarter. DAVENPORT & Co LLC raised its stake in Capital Group Global Growth Equity ETF by 6.1% during the second quarter. DAVENPORT & Co LLC now owns 113,017 shares of the company’s stock valued at $3,613,000 after buying an additional 6,517 shares during the last quarter. Finally, Woodmont Investment Counsel LLC raised its stake in Capital Group Global Growth Equity ETF by 12.3% during the second quarter. Woodmont Investment Counsel LLC now owns 38,648 shares of the company’s stock valued at $1,236,000 after buying an additional 4,235 shares during the last quarter.

Capital Group Global Growth Equity ETF Trading Down 0.6%

Shares of NYSEARCA:CGGO opened at $34.57 on Wednesday. The stock has a fifty day simple moving average of $33.20 and a two-hundred day simple moving average of $31.11. The stock has a market capitalization of $7.52 billion, a price-to-earnings 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 $34.89.

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.