Envestnet Portfolio Solutions Inc. Grows Stake in Capital Group Global Equity ETF $CGGE

Envestnet Portfolio Solutions Inc. grew its stake in shares of Capital Group Global Equity ETF (NYSEARCA:CGGE) by 265.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 254,247 shares of the company’s stock after purchasing an additional 184,653 shares during the quarter. Envestnet Portfolio Solutions Inc. owned 0.67% of Capital Group Global Equity ETF worth $7,828,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Jane Street Group LLC raised its holdings in shares of Capital Group Global Equity ETF by 760.2% during the 1st quarter. Jane Street Group LLC now owns 114,653 shares of the company’s stock valued at $2,965,000 after buying an additional 101,325 shares during the period. ORG Partners LLC boosted its holdings in Capital Group Global Equity ETF by 1,459.7% in the 2nd quarter. ORG Partners LLC now owns 18,950 shares of the company’s stock worth $550,000 after acquiring an additional 17,735 shares during the period. Venture Visionary Partners LLC acquired a new stake in Capital Group Global Equity ETF in the second quarter valued at approximately $873,000. Janney Montgomery Scott LLC purchased a new stake in shares of Capital Group Global Equity ETF during the second quarter valued at approximately $1,561,000. Finally, Truist Financial Corp lifted its position in shares of Capital Group Global Equity ETF by 5.9% during the second quarter. Truist Financial Corp now owns 59,497 shares of the company’s stock worth $1,737,000 after purchasing an additional 3,324 shares in the last quarter.

Capital Group Global Equity ETF Trading Up 0.4%

Shares of CGGE stock opened at $32.39 on Friday. The firm has a fifty day simple moving average of $31.71 and a 200-day simple moving average of $30.82. The company has a market capitalization of $1.87 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 $32.81.

Capital Group Global Equity ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a dividend of $0.1276 per share. The ex-dividend date was Friday, December 26th. This represents a dividend yield of 40.0%.

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.