Capital Group Private Client Services Inc. Raises Holdings in Capital Group New Geography Equity ETF $CGNG

Capital Group Private Client Services Inc. increased its stake in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 44.4% during the 3rd quarter, Holdings Channel reports. The fund owned 2,430,826 shares of the company’s stock after purchasing an additional 747,156 shares during the quarter. Capital Group New Geography Equity ETF makes up about 1.3% of Capital Group Private Client Services Inc.’s investment portfolio, making the stock its 14th largest position. Capital Group Private Client Services Inc. owned about 0.07% of Capital Group New Geography Equity ETF worth $75,113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings in Capital Group New Geography Equity ETF by 2,330.7% in the first quarter. Royal Bank of Canada now owns 350,437 shares of the company’s stock valued at $8,817,000 after acquiring an additional 336,020 shares during the period. Sittner & Nelson LLC acquired a new stake in shares of Capital Group New Geography Equity ETF during the 2nd quarter worth approximately $37,000. Cetera Investment Advisers grew its stake in shares of Capital Group New Geography Equity ETF by 503.4% during the 2nd quarter. Cetera Investment Advisers now owns 1,291,547 shares of the company’s stock worth $37,209,000 after purchasing an additional 1,077,493 shares during the period. Avantax Advisory Services Inc. increased its holdings in shares of Capital Group New Geography Equity ETF by 323.0% during the 2nd quarter. Avantax Advisory Services Inc. now owns 265,896 shares of the company’s stock valued at $7,660,000 after purchasing an additional 203,041 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in shares of Capital Group New Geography Equity ETF by 3.6% during the 2nd quarter. Kingsview Wealth Management LLC now owns 21,689 shares of the company’s stock valued at $625,000 after purchasing an additional 758 shares in the last quarter.

Capital Group New Geography Equity ETF Price Performance

CGNG opened at $32.76 on Tuesday. The firm has a fifty day moving average price of $33.63 and a 200 day moving average price of $32.02. Capital Group New Geography Equity ETF has a 1 year low of $22.22 and a 1 year high of $35.12. The stock has a market cap of $1.52 billion, a P/E ratio of 19.57 and a beta of 0.55.

Capital Group New Geography Equity ETF Announces Dividend

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

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.