Truist Financial Corp Raises Stake in Capital Group Global Equity ETF $CGGE

Truist Financial Corp raised its position in Capital Group Global Equity ETF (NYSEARCA:CGGE) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,497 shares of the company’s stock after acquiring an additional 3,324 shares during the quarter. Truist Financial Corp owned approximately 0.33% of Capital Group Global Equity ETF worth $1,737,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. purchased a new position in Capital Group Global Equity ETF in the first quarter valued at $71,956,000. Cetera Investment Advisers acquired a new position in shares of Capital Group Global Equity ETF during the 1st quarter worth about $18,894,000. Raymond James Financial Inc. acquired a new position in shares of Capital Group Global Equity ETF during the 1st quarter worth about $8,485,000. LPL Financial LLC boosted its position in shares of Capital Group Global Equity ETF by 173.6% during the 1st 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 in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of Capital Group Global Equity ETF during the 1st quarter worth about $4,159,000.

Capital Group Global Equity ETF Stock Down 2.3%

CGGE stock opened at $30.36 on Friday. The business has a 50 day moving average price of $30.28 and a 200 day moving average price of $28.45. The stock has a market cap of $1.08 billion and a price-to-earnings ratio of 24.18. Capital Group Global Equity ETF has a fifty-two week low of $22.76 and a fifty-two 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.