Continuum Advisory LLC Makes New Investment in Capital Group New Geography Equity ETF $CGNG

Continuum Advisory LLC acquired a new position in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) in the second quarter, HoldingsChannel.com reports. The firm acquired 109,227 shares of the company’s stock, valued at approximately $4,092,000.

Several other hedge funds also recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in 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 acquiring an additional 336,020 shares in the last quarter. Baird Financial Group Inc. grew its stake in Capital Group New Geography Equity ETF by 154.6% in the second quarter. Baird Financial Group Inc. now owns 110,708 shares of the company’s stock valued at $3,189,000 after purchasing an additional 67,218 shares in the last quarter. Peapack Gladstone Financial Corp grew its stake in Capital Group New Geography Equity ETF by 10.9% in the second quarter. Peapack Gladstone Financial Corp now owns 13,220 shares of the company’s stock valued at $381,000 after purchasing an additional 1,300 shares in the last quarter. Raymond James Financial Inc. grew its stake in 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 purchasing an additional 421,319 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Capital Group New Geography Equity ETF by 1,393.3% during the 2nd quarter. Jane Street Group LLC now owns 273,985 shares of the company’s stock worth $7,894,000 after purchasing an additional 255,637 shares in the last quarter.

Capital Group New Geography Equity ETF Trading Up 0.7%

NYSEARCA CGNG opened at $36.64 on Thursday. Capital Group New Geography Equity ETF has a 12 month low of $29.24 and a 12 month high of $38.25. The stock has a 50 day moving average of $36.30 and a 200-day moving average of $35.12. The company has a market cap of $2.79 billion, a PE ratio of 19.57 and a beta of 0.84.

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.