Capital Group New Geography Equity ETF $CGNG Stake Boosted by J. Derek Lewis & Associates Inc.

J. Derek Lewis & Associates Inc. boosted its stake in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 21.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 127,409 shares of the company’s stock after buying an additional 22,128 shares during the period. Capital Group New Geography Equity ETF comprises 0.9% of J. Derek Lewis & Associates Inc.’s investment portfolio, making the stock its 23rd largest holding. J. Derek Lewis & Associates Inc. owned about 0.21% of Capital Group New Geography Equity ETF worth $4,047,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Western Wealth Management LLC boosted its holdings in shares of Capital Group New Geography Equity ETF by 146.3% in the first quarter. Western Wealth Management LLC now owns 104,598 shares of the company’s stock worth $3,302,000 after buying an additional 62,134 shares during the period. Bank of America Corp DE raised its holdings in shares of Capital Group New Geography Equity ETF by 131.4% during the first quarter. Bank of America Corp DE now owns 1,302,791 shares of the company’s stock valued at $41,129,000 after acquiring an additional 739,844 shares during the period. Royal Bank of Canada raised its holdings in shares of Capital Group New Geography Equity ETF by 0.7% during the first quarter. Royal Bank of Canada now owns 612,823 shares of the company’s stock valued at $19,346,000 after acquiring an additional 4,033 shares during the period. Gateway Wealth Partners LLC lifted its position in shares of Capital Group New Geography Equity ETF by 415.0% in the 1st quarter. Gateway Wealth Partners LLC now owns 80,408 shares of the company’s stock valued at $2,539,000 after acquiring an additional 64,795 shares in the last quarter. Finally, Quadcap Wealth Management LLC lifted its position in shares of Capital Group New Geography Equity ETF by 21.5% in the 1st quarter. Quadcap Wealth Management LLC now owns 261,006 shares of the company’s stock valued at $8,240,000 after acquiring an additional 46,099 shares in the last quarter.

Capital Group New Geography Equity ETF Stock Performance

Capital Group New Geography Equity ETF stock opened at $35.66 on Friday. The company has a 50 day moving average price of $36.30 and a 200 day moving average price of $34.63. Capital Group New Geography Equity ETF has a 52 week low of $28.20 and a 52 week high of $38.25. The firm has a market capitalization of $2.69 billion, a price-to-earnings 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.