NavPoint Financial Inc. Purchases New Position in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO)

NavPoint Financial Inc. purchased a new stake in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 232,560 shares of the company’s stock, valued at approximately $5,984,000. Capital Group Global Growth Equity ETF makes up about 5.5% of NavPoint Financial Inc.’s investment portfolio, making the stock its 7th largest holding. NavPoint Financial Inc. owned approximately 0.31% of Capital Group Global Growth Equity ETF at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CGGO. Corient Private Wealth LLC acquired a new stake in shares of Capital Group Global Growth Equity ETF during the third quarter valued at about $19,158,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of Capital Group Global Growth Equity ETF by 25.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 3,824,052 shares of the company’s stock valued at $98,393,000 after acquiring an additional 764,306 shares in the last quarter. Raymond James & Associates grew its stake in shares of Capital Group Global Growth Equity ETF by 19.8% during the fourth quarter. Raymond James & Associates now owns 4,523,551 shares of the company’s stock valued at $116,391,000 after acquiring an additional 746,409 shares in the last quarter. LPL Financial LLC grew its stake in shares of Capital Group Global Growth Equity ETF by 24.1% during the third quarter. LPL Financial LLC now owns 2,659,480 shares of the company’s stock valued at $60,955,000 after acquiring an additional 516,118 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Capital Group Global Growth Equity ETF by 68.7% during the third quarter. Envestnet Asset Management Inc. now owns 1,231,689 shares of the company’s stock valued at $28,230,000 after acquiring an additional 501,691 shares in the last quarter.

Capital Group Global Growth Equity ETF Stock Up 1.4 %

Shares of Capital Group Global Growth Equity ETF stock traded up $0.39 during trading hours on Friday, hitting $28.35. 965,764 shares of the company’s stock traded hands, compared to its average volume of 669,527. The stock has a 50 day simple moving average of $28.30 and a 200-day simple moving average of $26.26. The company has a market cap of $3.35 billion, a PE ratio of 26.27 and a beta of 1.02. Capital Group Global Growth Equity ETF has a twelve month low of $22.08 and a twelve month high of $29.05.

Capital Group Global Growth Equity ETF Company 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.