Baird Financial Group Inc. raised its holdings in Capital Group New Geography Equity ETF (NYSEARCA:CGNG – Free Report) by 30.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 508,549 shares of the company’s stock after buying an additional 119,487 shares during the quarter. Baird Financial Group Inc.’s holdings in Capital Group New Geography Equity ETF were worth $19,050,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sovran Advisors LLC grew its stake in shares of Capital Group New Geography Equity ETF by 2.2% in the 1st quarter. Sovran Advisors LLC now owns 15,189 shares of the company’s stock valued at $529,000 after buying an additional 330 shares during the period. Mariner LLC grew its holdings in shares of Capital Group New Geography Equity ETF by 2.4% during the third quarter. Mariner LLC now owns 15,896 shares of the company’s stock valued at $491,000 after buying an additional 376 shares during the last quarter. Florida Financial Advisors LLC increased its position in shares of Capital Group New Geography Equity ETF by 5.8% during the fourth quarter. Florida Financial Advisors LLC now owns 7,951 shares of the company’s stock worth $254,000 after acquiring an additional 438 shares in the last quarter. Merited Wealth LLC increased its position in shares of Capital Group New Geography Equity ETF by 1.5% during the first quarter. Merited Wealth LLC now owns 32,260 shares of the company’s stock worth $1,018,000 after acquiring an additional 484 shares in the last quarter. Finally, Beckerman Institutional LLC lifted its holdings in shares of Capital Group New Geography Equity ETF by 3.9% in the fourth quarter. Beckerman Institutional LLC now owns 13,158 shares of the company’s stock valued at $420,000 after purchasing an additional 494 shares in the last quarter.
Capital Group New Geography Equity ETF Stock Up 0.9%
Shares of NYSEARCA:CGNG opened at $36.98 on Friday. The business’s 50 day moving average is $36.36 and its 200 day moving average is $35.25. Capital Group New Geography Equity ETF has a 12-month low of $30.13 and a 12-month high of $38.25. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 19.57 and a beta of 0.84.
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.
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