Concurrent Investment Advisors LLC Raises Stock Holdings in Capital Group New Geography Equity ETF $CGNG

Concurrent Investment Advisors LLC raised its holdings in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 24.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 307,935 shares of the company’s stock after purchasing an additional 59,861 shares during the period. Concurrent Investment Advisors LLC owned about 0.40% of Capital Group New Geography Equity ETF worth $11,535,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Founders Financial Securities LLC increased its position in shares of Capital Group New Geography Equity ETF by 90.5% in the 1st quarter. Founders Financial Securities LLC now owns 78,881 shares of the company’s stock worth $2,648,000 after purchasing an additional 37,478 shares during the last quarter. J. Derek Lewis & Associates Inc. acquired a new position in Capital Group New Geography Equity ETF in the fourth quarter worth about $3,362,000. Garrett Wealth Advisory Group LLC grew its stake in Capital Group New Geography Equity ETF by 9.1% in the fourth quarter. Garrett Wealth Advisory Group LLC now owns 466,674 shares of the company’s stock worth $14,901,000 after purchasing an additional 38,895 shares in the last quarter. Harbour Investments Inc. increased its holdings in Capital Group New Geography Equity ETF by 35.2% in the fourth quarter. Harbour Investments Inc. now owns 70,637 shares of the company’s stock valued at $2,255,000 after buying an additional 18,382 shares during the last quarter. Finally, NewCorp Financial Services Inc. acquired a new stake in Capital Group New Geography Equity ETF during the fourth quarter valued at approximately $4,262,000.

Capital Group New Geography Equity ETF Trading Up 1.1%

Shares of CGNG opened at $37.27 on Friday. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 19.57 and a beta of 0.84. Capital Group New Geography Equity ETF has a 52 week low of $29.52 and a 52 week high of $38.25. The stock has a 50 day moving average of $36.31 and a 200-day moving average of $35.15.

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.