Confluence Wealth Services Inc. Acquires 337,991 Shares of Capital Group New Geography Equity ETF $CGNG

Confluence Wealth Services Inc. boosted its holdings in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 50.9% in the third quarter, Holdings Channel reports. The institutional investor owned 1,001,776 shares of the company’s stock after buying an additional 337,991 shares during the period. Capital Group New Geography Equity ETF accounts for approximately 1.0% of Confluence Wealth Services Inc.’s holdings, making the stock its 23rd largest position. Confluence Wealth Services Inc.’s holdings in Capital Group New Geography Equity ETF were worth $36,515,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Sovran Advisors LLC grew its holdings in Capital Group New Geography Equity ETF by 2.2% during the 1st quarter. Sovran Advisors LLC now owns 15,189 shares of the company’s stock worth $529,000 after acquiring an additional 330 shares during the last quarter. Cornell Pochily Investment Advisors Inc. raised its stake in shares of Capital Group New Geography Equity ETF by 0.7% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 49,999 shares of the company’s stock valued at $1,822,000 after acquiring an additional 345 shares during the last quarter. Focused Alpha LLC lifted its holdings in shares of Capital Group New Geography Equity ETF by 9.3% during the third quarter. Focused Alpha LLC now owns 6,379 shares of the company’s stock worth $233,000 after purchasing an additional 543 shares during the period. Landaas & Co. WI ADV lifted its holdings in shares of Capital Group New Geography Equity ETF by 10.4% during the third quarter. Landaas & Co. WI ADV now owns 5,964 shares of the company’s stock worth $217,000 after purchasing an additional 564 shares during the period. Finally, Blueprint Financial Advisors LLC lifted its holdings in shares of Capital Group New Geography Equity ETF by 2.3% during the third quarter. Blueprint Financial Advisors LLC now owns 26,958 shares of the company’s stock worth $983,000 after purchasing an additional 596 shares during the period.

Capital Group New Geography Equity ETF Stock Down 0.6%

Shares of Capital Group New Geography Equity ETF stock 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 stock has a market cap of $3.01 billion, a price-to-earnings ratio of 19.57 and a beta of 0.90. The company’s fifty day moving average is $35.61 and its 200 day moving average is $35.14.

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.