Latitude Advisors LLC purchased a new stake in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,390 shares of the company’s stock, valued at approximately $597,000.
A number of other hedge funds also recently added to or reduced their stakes in CGNG. Baird Financial Group Inc. increased its holdings in Capital Group New Geography Equity ETF by 30.7% during the second quarter. Baird Financial Group Inc. now owns 508,549 shares of the company’s stock valued at $19,050,000 after buying an additional 119,487 shares during the period. Ameritas Advisory Services LLC purchased a new position in Capital Group New Geography Equity ETF in the second quarter valued at about $827,000. HB Wealth Management LLC purchased a new position in Capital Group New Geography Equity ETF in the second quarter valued at about $1,055,000. Stonebridge Financial Group LLC raised its holdings in Capital Group New Geography Equity ETF by 39.1% in the second quarter. Stonebridge Financial Group LLC now owns 108,734 shares of the company’s stock worth $4,073,000 after purchasing an additional 30,590 shares in the last quarter. Finally, SilverOak Wealth Management LLC raised its holdings in Capital Group New Geography Equity ETF by 5.8% in the first quarter. SilverOak Wealth Management LLC now owns 297,548 shares of the company’s stock worth $9,394,000 after purchasing an additional 16,332 shares in the last quarter.
Capital Group New Geography Equity ETF Stock Performance
CGNG stock opened at $34.09 on Wednesday. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 19.57 and a beta of 0.84. The firm has a 50-day simple moving average of $36.28 and a two-hundred day simple moving average of $35.14. Capital Group New Geography Equity ETF has a one year low of $30.13 and a one year 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.
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