SilverOak Wealth Management LLC Boosts Stock Position in Capital Group New Geography Equity ETF $CGNG

SilverOak Wealth Management LLC grew its holdings in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 5.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 297,548 shares of the company’s stock after purchasing an additional 16,332 shares during the quarter. Capital Group New Geography Equity ETF makes up 1.5% of SilverOak Wealth Management LLC’s investment portfolio, making the stock its 14th largest holding. SilverOak Wealth Management LLC owned 0.50% of Capital Group New Geography Equity ETF worth $9,394,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada grew its position in Capital Group New Geography Equity ETF by 2,330.7% during the first quarter. Royal Bank of Canada now owns 350,437 shares of the company’s stock valued at $8,817,000 after buying an additional 336,020 shares during the period. Baird Financial Group Inc. boosted its stake in Capital Group New Geography Equity ETF by 154.6% in the second quarter. Baird Financial Group Inc. now owns 110,708 shares of the company’s stock valued at $3,189,000 after acquiring an additional 67,218 shares during the last quarter. Peapack Gladstone Financial Corp grew its position in shares of Capital Group New Geography Equity ETF by 10.9% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 13,220 shares of the company’s stock valued at $381,000 after acquiring an additional 1,300 shares during the period. Raymond James Financial Inc. grew its position in shares of Capital Group New Geography Equity ETF by 131.3% during the 2nd quarter. Raymond James Financial Inc. now owns 742,206 shares of the company’s stock valued at $21,383,000 after acquiring an additional 421,319 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Capital Group New Geography Equity ETF by 1,393.3% during the 2nd quarter. Jane Street Group LLC now owns 273,985 shares of the company’s stock worth $7,894,000 after purchasing an additional 255,637 shares during the last quarter.

Capital Group New Geography Equity ETF Trading Down 2.3%

NYSEARCA:CGNG opened at $36.25 on Wednesday. Capital Group New Geography Equity ETF has a 12 month low of $28.20 and a 12 month high of $38.25. The firm’s 50 day moving average is $36.24 and its 200 day moving average is $34.24. The stock has a market capitalization of $2.60 billion, a PE ratio of 19.57 and a beta of 0.81.

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.