Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sees Unusually-High Trading Volume

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) saw an uptick in trading volume on Wednesday . 2,539,938 shares traded hands during trading, an increase of 289% from the previous session’s volume of 653,379 shares.The stock last traded at $27.92 and had previously closed at $27.98.

Capital Group Global Growth Equity ETF Stock Performance

The company has a market cap of $3.20 billion, a PE ratio of 25.66 and a beta of 0.99. The stock’s 50-day simple moving average is $28.23 and its 200 day simple moving average is $26.04.

Hedge Funds Weigh In On Capital Group Global Growth Equity ETF

Large investors have recently made changes to their positions in the stock. Private Trust Co. NA purchased a new position in shares of Capital Group Global Growth Equity ETF in the 3rd quarter valued at about $25,000. Signaturefd LLC purchased a new position in Capital Group Global Growth Equity ETF during the 4th quarter valued at about $29,000. Raleigh Capital Management Inc. purchased a new position in Capital Group Global Growth Equity ETF during the 3rd quarter valued at about $29,000. Transcendent Capital Group LLC acquired a new stake in shares of Capital Group Global Growth Equity ETF during the 4th quarter worth about $36,000. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of Capital Group Global Growth Equity ETF by 150.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,500 shares of the company’s stock worth $39,000 after purchasing an additional 900 shares during the last quarter.

About Capital Group Global Growth Equity ETF

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.