Capital Group New Geography Equity ETF $CGNG is Garrett Wealth Advisory Group LLC’s 9th Largest Position

Garrett Wealth Advisory Group LLC increased its holdings in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 5.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 427,779 shares of the company’s stock after buying an additional 20,560 shares during the period. Capital Group New Geography Equity ETF accounts for approximately 2.6% of Garrett Wealth Advisory Group LLC’s portfolio, making the stock its 9th biggest holding. Garrett Wealth Advisory Group LLC’s holdings in Capital Group New Geography Equity ETF were worth $13,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CGNG. Farther Finance Advisors LLC bought a new position in shares of Capital Group New Geography Equity ETF during the third quarter valued at approximately $28,000. Geneos Wealth Management Inc. bought a new stake in shares of Capital Group New Geography Equity ETF in the 3rd quarter worth approximately $30,000. Bfsg LLC purchased a new stake in shares of Capital Group New Geography Equity ETF in the 3rd quarter worth approximately $32,000. Rothschild Investment LLC grew its stake in shares of Capital Group New Geography Equity ETF by 220.0% in the 2nd quarter. Rothschild Investment LLC now owns 3,200 shares of the company’s stock worth $92,000 after buying an additional 2,200 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in Capital Group New Geography Equity ETF during the 3rd quarter valued at approximately $105,000.

Capital Group New Geography Equity ETF Trading Up 0.5%

Shares of NYSEARCA:CGNG opened at $32.42 on Wednesday. The stock has a fifty day simple moving average of $33.61 and a two-hundred day simple moving average of $32.14. Capital Group New Geography Equity ETF has a 12-month low of $22.22 and a 12-month high of $35.12. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 19.57 and a beta of 0.55.

Capital Group New Geography Equity ETF Dividend Announcement

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

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.