Independent Financial Group LLC purchased a new position in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG – Free Report) during the first quarter, HoldingsChannel reports. The firm purchased 42,206 shares of the company’s stock, valued at approximately $1,332,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in CGNG. LPL Financial LLC grew its stake in Capital Group New Geography Equity ETF by 48.1% in the fourth quarter. LPL Financial LLC now owns 4,532,999 shares of the company’s stock valued at $144,739,000 after acquiring an additional 1,472,258 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Capital Group New Geography Equity ETF by 1,392.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,355,255 shares of the company’s stock worth $41,877,000 after purchasing an additional 1,264,471 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Capital Group New Geography Equity ETF by 334.5% in the 4th quarter. Wells Fargo & Company MN now owns 692,051 shares of the company’s stock worth $22,097,000 after purchasing an additional 532,769 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Capital Group New Geography Equity ETF by 71.6% in the 3rd quarter. Raymond James Financial Inc. now owns 1,273,786 shares of the company’s stock worth $39,360,000 after purchasing an additional 531,580 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in Capital Group New Geography Equity ETF by 162.6% in the 4th quarter. Osaic Holdings Inc. now owns 801,988 shares of the company’s stock valued at $25,610,000 after purchasing an additional 496,612 shares during the period.
Capital Group New Geography Equity ETF Trading Up 0.5%
NYSEARCA CGNG opened at $35.22 on Tuesday. The company has a market cap of $2.61 billion, a P/E ratio of 19.57 and a beta of 0.81. The company has a fifty day simple moving average of $36.34 and a 200 day simple moving average of $34.48. Capital Group New Geography Equity ETF has a 12-month low of $28.20 and a 12-month high of $38.25.
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.
Recommended Stories
- Five stocks we like better than Capital Group New Geography Equity ETF
- The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence
- Is Domino’s Stock Serving Up a Buying Opportunity?
- A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free
- Why Gold Miners Could Be the Market’s Biggest Comeback Story
Want to see what other hedge funds are holding CGNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group New Geography Equity ETF (NYSEARCA:CGNG – Free Report).
Receive News & Ratings for Capital Group New Geography Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group New Geography Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.
