NavPoint Financial Inc. Raises Stake in Capital Group New Geography Equity ETF $CGNG

NavPoint Financial Inc. boosted its stake in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 22.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,320 shares of the company’s stock after buying an additional 17,952 shares during the quarter. Capital Group New Geography Equity ETF accounts for approximately 1.3% of NavPoint Financial Inc.’s portfolio, making the stock its 23rd largest holding. NavPoint Financial Inc. owned 0.17% of Capital Group New Geography Equity ETF worth $3,104,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC lifted its stake in Capital Group New Geography Equity ETF by 3.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 10,142 shares of the company’s stock valued at $324,000 after buying an additional 352 shares in the last quarter. Mariner LLC grew its stake in shares of Capital Group New Geography Equity ETF by 2.4% during the third quarter. Mariner LLC now owns 15,896 shares of the company’s stock valued at $491,000 after acquiring an additional 376 shares in the last quarter. Florida Financial Advisors LLC increased its position in shares of Capital Group New Geography Equity ETF by 5.8% during the fourth quarter. Florida Financial Advisors LLC now owns 7,951 shares of the company’s stock worth $254,000 after acquiring an additional 438 shares during the last quarter. Merited Wealth LLC increased its position in shares of Capital Group New Geography Equity ETF by 1.5% during the first quarter. Merited Wealth LLC now owns 32,260 shares of the company’s stock worth $1,018,000 after acquiring an additional 484 shares during the last quarter. Finally, Beckerman Institutional LLC increased its position in shares of Capital Group New Geography Equity ETF by 3.9% during the fourth quarter. Beckerman Institutional LLC now owns 13,158 shares of the company’s stock worth $420,000 after acquiring an additional 494 shares during the last quarter.

Capital Group New Geography Equity ETF Stock Performance

NYSEARCA:CGNG opened at $36.56 on Thursday. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 19.57 and a beta of 0.81. Capital Group New Geography Equity ETF has a one year low of $28.20 and a one year high of $38.25. The business’s 50-day simple moving average is $36.08 and its 200 day simple moving average is $34.10.

About Capital Group New Geography Equity ETF

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.