Capital Group New Geography Equity ETF (NYSEARCA:CGNG – Get Free Report) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 60,685 shares, a decrease of 95.3% from the May 31st total of 1,287,052 shares. Based on an average trading volume of 791,330 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.
Institutional Investors Weigh In On Capital Group New Geography Equity ETF
Hedge funds have recently made changes to their positions in the company. LPL Financial LLC boosted its position 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 buying an additional 1,472,258 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Capital Group New Geography Equity ETF by 1,392.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,355,255 shares of the company’s stock valued at $41,877,000 after acquiring an additional 1,264,471 shares during the last quarter. Capital Group Private Client Services Inc. raised its stake in shares of Capital Group New Geography Equity ETF by 44.4% in the third quarter. Capital Group Private Client Services Inc. now owns 2,430,826 shares of the company’s stock valued at $75,113,000 after acquiring an additional 747,156 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Capital Group New Geography Equity ETF by 131.4% in the 1st quarter. Bank of America Corp DE now owns 1,302,791 shares of the company’s stock worth $41,129,000 after acquiring an additional 739,844 shares in the last quarter. Finally, Wells Fargo & Company MN boosted 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 acquiring an additional 532,769 shares in the last quarter.
Capital Group New Geography Equity ETF Stock Down 0.9%
Capital Group New Geography Equity ETF stock traded down $0.32 during mid-day trading on Friday, hitting $36.50. 477,205 shares of the company were exchanged, compared to its average volume of 653,031. The company has a market capitalization of $2.17 billion, a PE ratio of 19.57 and a beta of 0.83. The business has a fifty day moving average of $35.95 and a 200 day moving average of $33.97. Capital Group New Geography Equity ETF has a 1-year low of $28.20 and a 1-year high of $38.25.
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.
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