DAVENPORT & Co LLC Makes New Investment in Capital Group Global Equity ETF $CGGE

DAVENPORT & Co LLC acquired a new stake in shares of Capital Group Global Equity ETF (NYSEARCA:CGGE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,400 shares of the company’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CGGE. Sagespring Wealth Partners LLC purchased a new position in Capital Group Global Equity ETF during the first quarter valued at $391,000. Envestnet Portfolio Solutions Inc. purchased a new position in Capital Group Global Equity ETF during the first quarter valued at $1,938,000. LongView Wealth Management purchased a new position in Capital Group Global Equity ETF during the first quarter valued at $556,000. ORG Partners LLC purchased a new position in Capital Group Global Equity ETF during the first quarter valued at $32,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Capital Group Global Equity ETF by 144.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 31,693 shares of the company’s stock valued at $820,000 after buying an additional 18,721 shares during the period.

Capital Group Global Equity ETF Trading Up 1.6%

Shares of Capital Group Global Equity ETF stock opened at $30.85 on Tuesday. The firm has a market capitalization of $1.10 billion and a P/E ratio of 24.18. The business has a fifty day simple moving average of $30.30 and a two-hundred day simple moving average of $28.50. Capital Group Global Equity ETF has a 12 month low of $22.76 and a 12 month high of $31.32.

About Capital Group Global Equity ETF

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.