NavPoint Financial Inc. Has $1.13 Million Position in Capital Group New Geography Equity ETF $CGNG

NavPoint Financial Inc. lifted its stake in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 93.2% during the second quarter, Holdings Channel reports. The fund owned 39,223 shares of the company’s stock after buying an additional 18,926 shares during the quarter. Capital Group New Geography Equity ETF comprises 0.7% of NavPoint Financial Inc.’s investment portfolio, making the stock its 26th largest position. NavPoint Financial Inc.’s holdings in Capital Group New Geography Equity ETF were worth $1,130,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CGNG. Envestnet Asset Management Inc. lifted its position in shares of Capital Group New Geography Equity ETF by 1,206.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 734,467 shares of the company’s stock valued at $18,479,000 after acquiring an additional 678,244 shares during the period. Petredis Investment Advisors LLC acquired a new position in shares of Capital Group New Geography Equity ETF during the 2nd quarter valued at $13,706,000. Royal Bank of Canada lifted its position in shares of Capital Group New Geography Equity ETF by 2,330.7% during the 1st quarter. Royal Bank of Canada now owns 350,437 shares of the company’s stock valued at $8,817,000 after acquiring an additional 336,020 shares during the period. Raymond James Financial Inc. lifted its position in shares of Capital Group New Geography Equity ETF by 1,398.4% during the 1st quarter. Raymond James Financial Inc. now owns 320,887 shares of the company’s stock valued at $8,074,000 after acquiring an additional 299,472 shares during the period. Finally, Beta Wealth Group Inc. acquired a new position in shares of Capital Group New Geography Equity ETF during the 1st quarter valued at $5,883,000.

Capital Group New Geography Equity ETF Trading Down 0.7%

CGNG opened at $31.19 on Friday. The company’s fifty day moving average price is $30.02 and its two-hundred day moving average price is $27.98. Capital Group New Geography Equity ETF has a 1-year low of $22.22 and a 1-year high of $31.46. The company has a market cap of $935.70 million and a price-to-earnings ratio of 19.57.

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.