NewCorp Financial Services Inc. Acquires New Position in Capital Group New Geography Equity ETF $CGNG

NewCorp Financial Services Inc. acquired a new stake in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 133,464 shares of the company’s stock, valued at approximately $4,262,000. Capital Group New Geography Equity ETF makes up about 3.8% of NewCorp Financial Services Inc.’s investment portfolio, making the stock its 10th largest position. NewCorp Financial Services Inc. owned about 0.29% of Capital Group New Geography Equity ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bfsg LLC grew its position in Capital Group New Geography Equity ETF by 3,606.4% during the fourth quarter. Bfsg LLC now owns 38,621 shares of the company’s stock valued at $1,233,000 after purchasing an additional 37,579 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in Capital Group New Geography Equity ETF in the fourth quarter valued at approximately $1,008,000. Stonebridge Financial Group LLC lifted its stake in Capital Group New Geography Equity ETF by 73.9% in the fourth quarter. Stonebridge Financial Group LLC now owns 44,452 shares of the company’s stock valued at $1,419,000 after acquiring an additional 18,896 shares during the last quarter. NavPoint Financial Inc. lifted its stake in Capital Group New Geography Equity ETF by 46.6% in the fourth quarter. NavPoint Financial Inc. now owns 80,368 shares of the company’s stock valued at $2,566,000 after acquiring an additional 25,536 shares during the last quarter. Finally, Capital Group Private Client Services Inc. lifted its stake in Capital Group New Geography Equity ETF by 44.4% in the third quarter. Capital Group Private Client Services Inc. now owns 2,430,826 shares of the company’s stock valued at $75,113,000 after acquiring an additional 747,156 shares during the last quarter.

Capital Group New Geography Equity ETF Price Performance

NYSEARCA CGNG opened at $36.82 on Monday. The stock has a market capitalization of $2.19 billion, a PE ratio of 19.57 and a beta of 0.82. The company has a 50 day moving average price of $34.16 and a two-hundred day moving average price of $33.26. Capital Group New Geography Equity ETF has a 12-month low of $27.03 and a 12-month high of $37.06.

Capital Group New Geography Equity ETF 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.