Cullen Frost Bankers Inc. grew its stake in shares of Capital Group Global Equity ETF (NYSEARCA:CGGE – Free Report) by 35.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 142,237 shares of the company’s stock after acquiring an additional 36,974 shares during the period. Cullen Frost Bankers Inc. owned about 0.77% of Capital Group Global Equity ETF worth $4,152,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of CGGE. CWM LLC bought a new stake in shares of Capital Group Global Equity ETF during the second quarter valued at approximately $29,000. IFP Advisors Inc increased its holdings in Capital Group Global Equity ETF by 80.2% during the second quarter. IFP Advisors Inc now owns 1,211 shares of the company’s stock valued at $35,000 after buying an additional 539 shares during the period. Capital A Wealth Management LLC purchased a new position in Capital Group Global Equity ETF during the first quarter valued at approximately $62,000. Armstrong Fleming & Moore Inc purchased a new position in Capital Group Global Equity ETF during the second quarter valued at approximately $207,000. Finally, DAVENPORT & Co LLC purchased a new position in Capital Group Global Equity ETF during the second quarter valued at approximately $245,000.
Capital Group Global Equity ETF Stock Down 0.5%
Shares of CGGE stock opened at $30.96 on Thursday. The firm has a market cap of $1.11 billion and a price-to-earnings ratio of 24.18. The company’s 50 day moving average is $30.50 and its 200 day moving average is $28.73. Capital Group Global Equity ETF has a 52-week low of $22.76 and a 52-week high of $31.32.
Capital Group Global Equity ETF 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.
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