Petredis Investment Advisors LLC Acquires 13,941 Shares of Capital Group New Geography Equity ETF $CGNG

Petredis Investment Advisors LLC increased its holdings in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 2.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 501,303 shares of the company’s stock after buying an additional 13,941 shares during the quarter. Capital Group New Geography Equity ETF accounts for about 1.3% of Petredis Investment Advisors LLC’s investment portfolio, making the stock its 19th largest position. Petredis Investment Advisors LLC’s holdings in Capital Group New Geography Equity ETF were worth $15,826,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC grew its position in Capital Group New Geography Equity ETF by 48.1% during the fourth quarter. LPL Financial LLC now owns 4,532,999 shares of the company’s stock valued at $144,739,000 after buying an additional 1,472,258 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Capital Group New Geography Equity ETF by 1,392.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,355,255 shares of the company’s stock worth $41,877,000 after acquiring an additional 1,264,471 shares during the period. Capital Group Private Client Services Inc. boosted its stake in shares of Capital Group New Geography Equity ETF by 44.4% during the 3rd quarter. Capital Group Private Client Services Inc. now owns 2,430,826 shares of the company’s stock worth $75,113,000 after acquiring an additional 747,156 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Capital Group New Geography Equity ETF by 334.5% during the 4th quarter. Wells Fargo & Company MN now owns 692,051 shares of the company’s stock worth $22,097,000 after acquiring an additional 532,769 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Capital Group New Geography Equity ETF by 71.6% during the 3rd quarter. Raymond James Financial Inc. now owns 1,273,786 shares of the company’s stock valued at $39,360,000 after acquiring an additional 531,580 shares during the period.

Capital Group New Geography Equity ETF Price Performance

Shares of CGNG stock opened at $37.98 on Monday. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 19.57 and a beta of 0.83. Capital Group New Geography Equity ETF has a 1 year low of $27.36 and a 1 year high of $38.05. The firm has a fifty day moving average price of $35.67 and a 200-day moving average price of $33.81.

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.