LongView Wealth Management Raises Stock Position in Capital Group New Geography Equity ETF $CGNG

LongView Wealth Management boosted its stake in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 61.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 50,896 shares of the company’s stock after acquiring an additional 19,368 shares during the period. LongView Wealth Management owned about 0.13% of Capital Group New Geography Equity ETF worth $1,707,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Capital Group New Geography Equity ETF by 2,330.7% during the first quarter. Royal Bank of Canada now owns 350,437 shares of the company’s stock worth $8,817,000 after purchasing an additional 336,020 shares in the last quarter. MAI Capital Management purchased a new position in Capital Group New Geography Equity ETF in the 2nd quarter valued at about $176,000. Steward Partners Investment Advisory LLC lifted its stake in Capital Group New Geography Equity ETF by 10.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 41,486 shares of the company’s stock valued at $1,195,000 after buying an additional 3,832 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Capital Group New Geography Equity ETF in the 2nd quarter worth about $2,615,000. Finally, Stablepoint Partners LLC boosted its holdings in Capital Group New Geography Equity ETF by 5.5% in the 2nd quarter. Stablepoint Partners LLC now owns 39,569 shares of the company’s stock worth $1,140,000 after buying an additional 2,079 shares during the last quarter.

Capital Group New Geography Equity ETF Stock Performance

NYSEARCA CGNG opened at $30.86 on Friday. Capital Group New Geography Equity ETF has a one year low of $22.22 and a one year high of $35.12. The business has a fifty day moving average price of $33.37 and a 200 day moving average price of $32.20. The company has a market cap of $1.43 billion, a P/E ratio of 19.57 and a beta of 0.55.

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.