Confluence Wealth Services Inc. grew its holdings in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG – Free Report) by 50.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,001,776 shares of the company’s stock after purchasing an additional 337,991 shares during the period. Capital Group New Geography Equity ETF comprises 1.0% of Confluence Wealth Services Inc.’s holdings, making the stock its 23rd largest holding. Confluence Wealth Services Inc. owned 1.11% of Capital Group New Geography Equity ETF worth $36,515,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Cornerstone Wealth Management LLC increased its holdings in Capital Group New Geography Equity ETF by 18.5% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 36,757 shares of the company’s stock valued at $1,340,000 after buying an additional 5,742 shares during the period. J. Derek Lewis & Associates Inc. increased its holdings in shares of Capital Group New Geography Equity ETF by 16.7% during the third quarter. J. Derek Lewis & Associates Inc. now owns 171,111 shares of the company’s stock worth $6,237,000 after buying an additional 24,538 shares in the last quarter. Birchwood Financial Partners Inc. increased its holdings in shares of Capital Group New Geography Equity ETF by 37.4% during the third quarter. Birchwood Financial Partners Inc. now owns 18,691 shares of the company’s stock worth $681,000 after buying an additional 5,085 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in shares of Capital Group New Geography Equity ETF by 39.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 173,272 shares of the company’s stock valued at $6,316,000 after acquiring an additional 49,355 shares during the last quarter. Finally, Claro Advisors Inc. lifted its stake in shares of Capital Group New Geography Equity ETF by 10.6% in the 3rd quarter. Claro Advisors Inc. now owns 47,244 shares of the company’s stock valued at $1,722,000 after acquiring an additional 4,541 shares during the last quarter.
Capital Group New Geography Equity ETF Stock Down 0.6%
NYSEARCA CGNG opened at $33.32 on Wednesday. Capital Group New Geography Equity ETF has a twelve month low of $30.13 and a twelve month high of $38.25. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 19.57 and a beta of 0.90. The business’s fifty day moving average is $35.61 and its 200 day moving average is $35.14.
About Capital Group New Geography Equity ETF
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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