Envestnet Asset Management Inc. Raises Stake in Capital Group Global Equity ETF $CGGE

Envestnet Asset Management Inc. raised its position in Capital Group Global Equity ETF (NYSEARCA:CGGE) by 39.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,891,480 shares of the company’s stock after acquiring an additional 1,108,946 shares during the quarter. Envestnet Asset Management Inc. owned approximately 20.96% of Capital Group Global Equity ETF worth $113,592,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CGGE. Cetera Investment Advisers purchased a new position in Capital Group Global Equity ETF in the first quarter worth approximately $18,894,000. Investment Planning Advisors Inc. purchased a new position in Capital Group Global Equity ETF in the second quarter worth approximately $16,849,000. Raymond James Financial Inc. purchased a new position in Capital Group Global Equity ETF in the first quarter worth approximately $8,485,000. Stephens Inc. AR purchased a new position in Capital Group Global Equity ETF in the second quarter worth approximately $5,852,000. Finally, LPL Financial LLC lifted its stake in Capital Group Global Equity ETF by 173.6% in the first quarter. LPL Financial LLC now owns 255,245 shares of the company’s stock worth $6,601,000 after acquiring an additional 161,941 shares during the last quarter.

Capital Group Global Equity ETF Trading Down 0.1%

Shares of NYSEARCA:CGGE opened at $31.54 on Wednesday. The company has a market capitalization of $1.20 billion, a PE ratio of 24.18 and a beta of 0.72. Capital Group Global Equity ETF has a twelve month low of $22.76 and a twelve month high of $31.61. The firm has a 50 day simple moving average of $30.61 and a 200-day simple moving average of $29.00.

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.