Waterloo Capital L.P. Acquires 1,248 Shares of Capital Group Global Growth Equity ETF (NYSEARCA:CGGO)

Waterloo Capital L.P. lifted its stake in shares of Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) by 9.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,915 shares of the company’s stock after buying an additional 1,248 shares during the period. Waterloo Capital L.P.’s holdings in Capital Group Global Growth Equity ETF were worth $407,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Peapack Gladstone Financial Corp boosted its stake in shares of Capital Group Global Growth Equity ETF by 1.1% in the 4th quarter. Peapack Gladstone Financial Corp now owns 291,580 shares of the company’s stock worth $8,520,000 after buying an additional 3,285 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Capital Group Global Growth Equity ETF by 17.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 4,823,853 shares of the company’s stock worth $140,953,000 after acquiring an additional 731,424 shares during the period. Perennial Investment Advisors LLC bought a new stake in Capital Group Global Growth Equity ETF during the fourth quarter worth $798,000. Wells Fargo & Company MN boosted its position in Capital Group Global Growth Equity ETF by 6.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,190,669 shares of the company’s stock worth $93,231,000 after purchasing an additional 196,019 shares during the last quarter. Finally, Smith Moore & CO. bought a new position in Capital Group Global Growth Equity ETF in the 4th quarter valued at $4,591,000.

Capital Group Global Growth Equity ETF Price Performance

NYSEARCA CGGO opened at $25.61 on Tuesday. The business’s fifty day moving average is $29.46 and its 200-day moving average is $29.78. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 23.85 and a beta of 0.96. Capital Group Global Growth Equity ETF has a one year low of $24.67 and a one year high of $30.94.

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.