Stephens Inc. AR Takes $4.47 Million Position in Capital Group New Geography Equity ETF $CGNG

Stephens Inc. AR acquired a new stake in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 155,178 shares of the company’s stock, valued at approximately $4,471,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CGNG. Envestnet Asset Management Inc. grew its stake in shares of Capital Group New Geography Equity ETF by 1,206.3% during the first quarter. Envestnet Asset Management Inc. now owns 734,467 shares of the company’s stock valued at $18,479,000 after buying an additional 678,244 shares during the last quarter. Petredis Investment Advisors LLC bought a new position in shares of Capital Group New Geography Equity ETF during the second quarter valued at about $13,706,000. Royal Bank of Canada grew its stake in shares of Capital Group New Geography Equity ETF by 2,330.7% during the first quarter. Royal Bank of Canada now owns 350,437 shares of the company’s stock valued at $8,817,000 after buying an additional 336,020 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Capital Group New Geography Equity ETF by 1,398.4% during the first quarter. Raymond James Financial Inc. now owns 320,887 shares of the company’s stock valued at $8,074,000 after buying an additional 299,472 shares during the last quarter. Finally, Beta Wealth Group Inc. bought a new position in shares of Capital Group New Geography Equity ETF during the first quarter valued at about $5,883,000.

Capital Group New Geography Equity ETF Trading Down 1.1%

Shares of NYSEARCA:CGNG opened at $31.27 on Wednesday. The stock’s 50-day moving average price is $30.36 and its 200-day moving average price is $28.33. Capital Group New Geography Equity ETF has a 12-month low of $22.22 and a 12-month high of $31.64. The stock has a market capitalization of $956.86 million and a P/E ratio of 19.57.

Capital Group New Geography Equity ETF Company 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.