NewEdge Advisors LLC Raises Holdings in Capital Group New Geography Equity ETF $CGNG

NewEdge Advisors LLC grew its holdings in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 10.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 795,666 shares of the company’s stock after buying an additional 76,473 shares during the quarter. NewEdge Advisors LLC’s holdings in Capital Group New Geography Equity ETF were worth $29,806,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Founders Financial Securities LLC lifted its holdings in Capital Group New Geography Equity ETF by 90.5% in the first quarter. Founders Financial Securities LLC now owns 78,881 shares of the company’s stock valued at $2,648,000 after acquiring an additional 37,478 shares during the period. J. Derek Lewis & Associates Inc. acquired a new position in shares of Capital Group New Geography Equity ETF during the 4th quarter worth $3,362,000. Harbour Investments Inc. grew its stake in shares of Capital Group New Geography Equity ETF by 35.2% during the 4th quarter. Harbour Investments Inc. now owns 70,637 shares of the company’s stock worth $2,255,000 after purchasing an additional 18,382 shares during the period. NewCorp Financial Services Inc. purchased a new position in shares of Capital Group New Geography Equity ETF in the 4th quarter valued at about $4,262,000. Finally, SilverOak Wealth Management LLC increased its holdings in shares of Capital Group New Geography Equity ETF by 5.8% in the 1st quarter. SilverOak Wealth Management LLC now owns 297,548 shares of the company’s stock valued at $9,394,000 after purchasing an additional 16,332 shares in the last quarter.

Capital Group New Geography Equity ETF Stock Down 0.5%

Shares of NYSEARCA CGNG opened at $37.22 on Thursday. Capital Group New Geography Equity ETF has a 52 week low of $30.13 and a 52 week high of $38.25. The firm has a 50-day moving average price of $36.33 and a 200 day moving average price of $35.22. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 19.57 and a beta of 0.84.

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.