Perennial Investment Advisors LLC Raises Stock Holdings in Capital Group New Geography Equity ETF $CGNG

Perennial Investment Advisors LLC increased its stake in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 33.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 60,248 shares of the company’s stock after acquiring an additional 15,117 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Capital Group New Geography Equity ETF were worth $1,736,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CGNG. Cetera Investment Advisers raised its stake in Capital Group New Geography Equity ETF by 503.4% during the second quarter. Cetera Investment Advisers now owns 1,291,547 shares of the company’s stock worth $37,209,000 after purchasing an additional 1,077,493 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Capital Group New Geography Equity ETF by 37.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,010,295 shares of the company’s stock valued at $29,107,000 after buying an additional 275,828 shares during the period. Johnson Bixby & Associates LLC raised its position in shares of Capital Group New Geography Equity ETF by 9.5% during the 2nd quarter. Johnson Bixby & Associates LLC now owns 493,775 shares of the company’s stock valued at $14,226,000 after buying an additional 42,655 shares during the period. Petredis Investment Advisors LLC acquired a new position in Capital Group New Geography Equity ETF in the second quarter valued at approximately $13,706,000. Finally, Confluence Wealth Services Inc. grew its position in Capital Group New Geography Equity ETF by 10.8% in the second quarter. Confluence Wealth Services Inc. now owns 396,010 shares of the company’s stock worth $11,409,000 after acquiring an additional 38,713 shares during the period.

Capital Group New Geography Equity ETF Stock Down 0.8%

CGNG stock opened at $31.39 on Tuesday. The business has a fifty day moving average of $31.23 and a two-hundred day moving average of $29.36. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 19.57 and a beta of 0.55. Capital Group New Geography Equity ETF has a 52-week low of $22.22 and a 52-week high of $32.34.

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.