Capital Group Private Client Services Inc. Has $84.66 Million Position in Capital Group New Geography Equity ETF $CGNG

Capital Group Private Client Services Inc. raised its stake in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 9.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,651,446 shares of the company’s stock after purchasing an additional 220,620 shares during the period. Capital Group New Geography Equity ETF accounts for about 1.3% of Capital Group Private Client Services Inc.’s holdings, making the stock its 13th biggest position. Capital Group Private Client Services Inc. owned 0.06% of Capital Group New Geography Equity ETF worth $84,661,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its stake in shares of Capital Group New Geography Equity ETF by 119.6% during the 3rd 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. lifted its stake in shares of Capital Group New Geography Equity ETF by 28.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,736,735 shares of the company’s stock valued at $55,454,000 after purchasing an additional 381,480 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of 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 valued at $39,360,000 after purchasing an additional 531,580 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of 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 valued at $18,407,000 after purchasing an additional 19,528 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of Capital Group New Geography Equity ETF by 8.2% in the 3rd quarter. Captrust Financial Advisors now owns 577,943 shares of the company’s stock valued at $17,858,000 after purchasing an additional 43,860 shares during the last quarter.

Capital Group New Geography Equity ETF Trading Down 5.6%

CGNG stock opened at $34.88 on Friday. Capital Group New Geography Equity ETF has a 1 year low of $27.36 and a 1 year high of $37.60. The company has a fifty day simple moving average of $34.67 and a 200 day simple moving average of $33.42. The firm has a market cap of $2.07 billion, a PE ratio of 19.57 and a beta of 0.83.

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.