Stephens Inc. AR Reduces Holdings in Capital Group New Geography Equity ETF $CGNG

Stephens Inc. AR decreased its position in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 316,541 shares of the company’s stock after selling 51,172 shares during the quarter. Stephens Inc. AR’s holdings in Capital Group New Geography Equity ETF were worth $10,107,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Cornerstone Wealth Management LLC purchased a new position in shares of Capital Group New Geography Equity ETF during the fourth quarter worth about $456,000. Western Wealth Management LLC grew its holdings in shares of Capital Group New Geography Equity ETF by 6.7% during the fourth quarter. Western Wealth Management LLC now owns 42,464 shares of the company’s stock worth $1,356,000 after purchasing an additional 2,664 shares during the last quarter. TrueWealth Financial Partners purchased a new position in shares of Capital Group New Geography Equity ETF during the fourth quarter worth about $777,000. World Investment Advisors grew its holdings in shares of Capital Group New Geography Equity ETF by 4.3% during the fourth quarter. World Investment Advisors now owns 15,717 shares of the company’s stock worth $500,000 after purchasing an additional 652 shares during the last quarter. Finally, Garrett Wealth Advisory Group LLC boosted its stake in shares of Capital Group New Geography Equity ETF by 9.1% during the fourth quarter. Garrett Wealth Advisory Group LLC now owns 466,674 shares of the company’s stock worth $14,901,000 after buying an additional 38,895 shares during the period.

Capital Group New Geography Equity ETF Stock Down 2.7%

NYSEARCA CGNG opened at $35.36 on Friday. Capital Group New Geography Equity ETF has a 52-week low of $26.95 and a 52-week high of $36.55. The business’s 50-day moving average price is $33.44 and its 200 day moving average price is $32.96. The firm has a market cap of $2.10 billion, a P/E ratio of 19.57 and a beta of 0.82.

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.