Envestnet Portfolio Solutions Inc. Acquires 37,921 Shares of Capital Group Global Equity ETF $CGGE

Envestnet Portfolio Solutions Inc. increased its position in shares of Capital Group Global Equity ETF (NYSEARCA:CGGE) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 292,168 shares of the company’s stock after buying an additional 37,921 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 0.48% of Capital Group Global Equity ETF worth $9,241,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CGGE. Stratos Wealth Partners LTD. raised its stake in shares of Capital Group Global Equity ETF by 45.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 170,451 shares of the company’s stock worth $5,391,000 after purchasing an additional 53,158 shares during the last quarter. RFG Advisory LLC raised its stake in shares of Capital Group Global Equity ETF by 55.2% in the third quarter. RFG Advisory LLC now owns 44,898 shares of the company’s stock worth $1,382,000 after purchasing an additional 15,971 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Capital Group Global Equity ETF by 49.0% in the third quarter. Larson Financial Group LLC now owns 1,197,467 shares of the company’s stock worth $36,870,000 after purchasing an additional 393,876 shares during the last quarter. Smartleaf Asset Management LLC purchased a new stake in shares of Capital Group Global Equity ETF in the third quarter worth approximately $9,289,000. Finally, Orion Porfolio Solutions LLC purchased a new stake in shares of Capital Group Global Equity ETF during the third quarter valued at approximately $12,378,000.

Capital Group Global Equity ETF Trading Up 1.6%

Shares of CGGE opened at $33.74 on Thursday. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 24.18 and a beta of 0.82. The stock has a 50 day moving average of $32.12 and a 200 day moving average of $32.00. Capital Group Global Equity ETF has a 12 month low of $27.44 and a 12 month high of $34.02.

Capital Group Global Equity ETF Company Profile

The Capital Group Global Equity ETF (CGGE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks total returns by actively managing a portfolio of companies from around the world. CGGE was launched on Jun 25, 2024 and is issued by Capital Group.