Smartleaf Asset Management LLC Makes New Investment in Capital Group New Geography Equity ETF $CGNG

Smartleaf Asset Management LLC purchased a new stake in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) during the 3rd quarter, HoldingsChannel reports. The firm purchased 75,314 shares of the company’s stock, valued at approximately $2,321,000.

Other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in Capital Group New Geography Equity ETF by 119.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,219,043 shares of the company’s stock valued at $68,568,000 after purchasing an additional 1,208,748 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Capital Group New Geography Equity ETF by 503.4% during the second quarter. Cetera Investment Advisers now owns 1,291,547 shares of the company’s stock worth $37,209,000 after buying an additional 1,077,493 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Capital Group New Geography Equity ETF by 139.7% in the third quarter. Commonwealth Equity Services LLC now owns 784,620 shares of the company’s stock valued at $24,245,000 after acquiring an additional 457,323 shares during the period. Raymond James Financial Inc. boosted its position in shares of Capital Group New Geography Equity ETF by 131.3% in the second quarter. Raymond James Financial Inc. now owns 742,206 shares of the company’s stock valued at $21,383,000 after acquiring an additional 421,319 shares during the period. Finally, NewEdge Advisors LLC acquired a new stake in shares of Capital Group New Geography Equity ETF in the second quarter worth $16,600,000.

Capital Group New Geography Equity ETF Trading Up 2.8%

Shares of CGNG stock opened at $34.03 on Monday. The firm has a market capitalization of $1.58 billion, a P/E ratio of 19.57 and a beta of 0.55. Capital Group New Geography Equity ETF has a 1 year low of $22.22 and a 1 year high of $34.42. The firm’s fifty day simple moving average is $32.67 and its 200 day simple moving average is $31.27.

Capital Group New Geography Equity ETF Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.217 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a dividend yield of 67.0%.

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.