Assetmark Inc. Raises Stake in Capital Group Global Equity ETF $CGGE

Assetmark Inc. lifted its position in Capital Group Global Equity ETF (NYSEARCA:CGGE) by 17.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,429,913 shares of the company’s stock after acquiring an additional 216,961 shares during the quarter. Assetmark Inc. owned 1.89% of Capital Group Global Equity ETF worth $43,612,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CGGE. TD Waterhouse Canada Inc. acquired a new stake in Capital Group Global Equity ETF during the 4th quarter worth about $58,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Capital Group Global Equity ETF during the third quarter worth approximately $73,000. Comerica Bank acquired a new stake in Capital Group Global Equity ETF during the 3rd quarter worth $82,000. Birchwood Financial Partners Inc. purchased a new stake in shares of Capital Group Global Equity ETF during the fourth quarter worth $87,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Capital Group Global Equity ETF in the fourth quarter worth about $199,000.

Capital Group Global Equity ETF Trading Down 0.8%

CGGE opened at $34.29 on Friday. Capital Group Global Equity ETF has a twelve month low of $28.74 and a twelve month high of $35.40. The firm has a market capitalization of $2.89 billion, a PE ratio of 24.18 and a beta of 0.80. The firm’s 50-day moving average price is $34.37 and its 200 day moving average price is $32.93.

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.