Merit Financial Group LLC Buys 21,509 Shares of Capital Group Global Equity ETF $CGGE

Merit Financial Group LLC raised its position in shares of Capital Group Global Equity ETF (NYSEARCA:CGGE) by 16.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,996 shares of the company’s stock after acquiring an additional 21,509 shares during the period. Merit Financial Group LLC owned approximately 0.38% of Capital Group Global Equity ETF worth $4,588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC acquired a new stake in Capital Group Global Equity ETF during the 2nd quarter worth approximately $29,000. IFP Advisors Inc increased its position in Capital Group Global Equity ETF by 80.2% during the 2nd quarter. IFP Advisors Inc now owns 1,211 shares of the company’s stock worth $35,000 after buying an additional 539 shares during the period. Whipplewood Advisors LLC bought a new position in Capital Group Global Equity ETF during the 2nd quarter worth $42,000. Farther Finance Advisors LLC lifted its holdings in shares of Capital Group Global Equity ETF by 837.8% during the third quarter. Farther Finance Advisors LLC now owns 5,824 shares of the company’s stock worth $179,000 after buying an additional 5,203 shares in the last quarter. Finally, PFG Advisors acquired a new stake in shares of Capital Group Global Equity ETF during the second quarter worth $202,000.

Capital Group Global Equity ETF Stock Performance

Shares of Capital Group Global Equity ETF stock opened at $31.63 on Friday. The firm has a 50-day moving average of $31.35 and a 200-day moving average of $30.39. Capital Group Global Equity ETF has a 52-week low of $22.76 and a 52-week high of $32.02. The stock has a market cap of $1.23 billion, a PE ratio of 24.18 and a beta of 0.72.

Capital Group Global Equity ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a dividend of $0.1276 per share. This represents a dividend yield of 40.0%. The ex-dividend date was Friday, December 26th.

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.