Code Waechter LLC Acquires 72,928 Shares of Capital Group New Geography Equity ETF $CGNG

Code Waechter LLC boosted its stake in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 43.4% during the third quarter, Holdings Channel.com reports. The fund owned 241,096 shares of the company’s stock after purchasing an additional 72,928 shares during the quarter. Capital Group New Geography Equity ETF comprises 4.3% of Code Waechter LLC’s investment portfolio, making the stock its 5th biggest position. Code Waechter LLC’s holdings in Capital Group New Geography Equity ETF were worth $8,788,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CGNG. Garrett Wealth Advisory Group LLC raised its position in Capital Group New Geography Equity ETF by 0.6% during the third quarter. Garrett Wealth Advisory Group LLC now owns 631,764 shares of the company’s stock worth $23,028,000 after acquiring an additional 3,560 shares during the period. Isthmus Partners LLC purchased a new position in Capital Group New Geography Equity ETF during the third quarter valued at $299,000. Eagle Rock Investment Company LLC lifted its holdings in Capital Group New Geography Equity ETF by 7.7% during the third quarter. Eagle Rock Investment Company LLC now owns 9,796 shares of the company’s stock valued at $357,000 after purchasing an additional 699 shares in the last quarter. Sentinel Advisory Group LLC grew its position in shares of Capital Group New Geography Equity ETF by 1.7% in the third quarter. Sentinel Advisory Group LLC now owns 255,354 shares of the company’s stock valued at $9,308,000 after purchasing an additional 4,158 shares during the period. Finally, Diversify Advisory Services LLC grew its position in shares of Capital Group New Geography Equity ETF by 7.1% in the third quarter. Diversify Advisory Services LLC now owns 18,398 shares of the company’s stock valued at $645,000 after purchasing an additional 1,216 shares during the period.

Capital Group New Geography Equity ETF Stock Up 0.1%

Shares of NYSEARCA CGNG opened at $33.86 on Friday. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 19.57 and a beta of 0.84. The company’s 50-day simple moving average is $36.42 and its 200-day simple moving average is $36.02. Capital Group New Geography Equity ETF has a 52-week low of $30.13 and a 52-week high of $38.25.

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.