Cornerstone Wealth Management LLC Purchases New Stake in Capital Group New Geography Equity ETF $CGNG

Cornerstone Wealth Management LLC purchased a new stake in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) during the 4th quarter, Holdings Channel reports. The fund purchased 14,275 shares of the company’s stock, valued at approximately $456,000.

Several other large investors have also recently bought and sold shares of the business. Capital Group Private Client Services Inc. raised its position in Capital Group New Geography Equity ETF by 44.4% during 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 buying an additional 747,156 shares during the period. Envestnet Asset Management Inc. raised its position in Capital Group New Geography Equity ETF by 119.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,219,043 shares of the company’s stock valued at $68,568,000 after buying an additional 1,208,748 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Capital Group New Geography Equity ETF by 1,392.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,355,255 shares of the company’s stock worth $41,877,000 after purchasing an additional 1,264,471 shares during the last quarter. Raymond James Financial Inc. increased its position in Capital Group New Geography Equity ETF by 71.6% in the 3rd quarter. Raymond James Financial Inc. now owns 1,273,786 shares of the company’s stock worth $39,360,000 after purchasing an additional 531,580 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Capital Group New Geography Equity ETF by 3.4% in the 3rd quarter. NewEdge Advisors LLC now owns 595,708 shares of the company’s stock worth $18,407,000 after purchasing an additional 19,528 shares during the last quarter.

Capital Group New Geography Equity ETF Price Performance

Shares of CGNG stock opened at $35.36 on Monday. Capital Group New Geography Equity ETF has a fifty-two week low of $26.95 and a fifty-two week high of $36.55. The stock’s 50-day moving average is $33.44 and its two-hundred day moving average is $32.97. 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 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.