Mendel Money Management Sells 1,046 Shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG)

Mendel Money Management trimmed its stake in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 2.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 41,665 shares of the company’s stock after selling 1,046 shares during the quarter. Mendel Money Management owned about 0.38% of Capital Group New Geography Equity ETF worth $1,048,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CGNG. Rothschild Investment LLC acquired a new position in Capital Group New Geography Equity ETF in the 1st quarter worth about $25,000. Capital Analysts LLC acquired a new position in Capital Group New Geography Equity ETF in the 4th quarter worth about $38,000. Comerica Bank bought a new stake in shares of Capital Group New Geography Equity ETF in the 4th quarter valued at about $82,000. John W. Brooker & Co. CPAs bought a new stake in shares of Capital Group New Geography Equity ETF in the 1st quarter valued at about $216,000. Finally, Lodestone Wealth Management LLC grew its position in shares of Capital Group New Geography Equity ETF by 4.7% in the 1st quarter. Lodestone Wealth Management LLC now owns 10,166 shares of the company’s stock valued at $256,000 after buying an additional 460 shares during the last quarter.

Capital Group New Geography Equity ETF Trading Up 1.3%

NYSEARCA CGNG opened at $29.21 on Thursday. The business’s 50-day moving average price is $28.11 and its two-hundred day moving average price is $26.28. Capital Group New Geography Equity ETF has a 12 month low of $22.22 and a 12 month high of $29.30. The firm has a market capitalization of $619.37 million and a PE ratio of 19.57.

Capital Group New Geography Equity ETF Profile

The Capital Group New Geography Equity ETF (CGNG) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through investment in companies from the emerging markets, may include frontier markets securities. CGNG was launched on Jun 25, 2024 and is issued by Capital Group.