Pines Wealth Management LLC Boosts Position in Capital Group New Geography Equity ETF $CGNG

Pines Wealth Management LLC increased its stake in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 227.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,406 shares of the company’s stock after buying an additional 32,218 shares during the period. Pines Wealth Management LLC owned 0.10% of Capital Group New Geography Equity ETF worth $1,482,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Valmark Advisers Inc. acquired a new position in Capital Group New Geography Equity ETF during the third quarter worth $663,000. Cornell Pochily Investment Advisors Inc. boosted its position in shares of Capital Group New Geography Equity ETF by 117.6% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 41,891 shares of the company’s stock worth $1,294,000 after buying an additional 22,639 shares during the period. Dynamic Advisor Solutions LLC purchased a new position in shares of Capital Group New Geography Equity ETF during the fourth quarter worth $1,008,000. Bfsg LLC boosted its position in shares of Capital Group New Geography Equity ETF by 3,606.4% during the fourth quarter. Bfsg LLC now owns 38,621 shares of the company’s stock worth $1,233,000 after buying an additional 37,579 shares during the period. Finally, Stonebridge Financial Group LLC boosted its position in shares of Capital Group New Geography Equity ETF by 73.9% during the fourth quarter. Stonebridge Financial Group LLC now owns 44,452 shares of the company’s stock worth $1,419,000 after buying an additional 18,896 shares during the period.

Capital Group New Geography Equity ETF Stock Up 0.1%

CGNG opened at $34.88 on Friday. Capital Group New Geography Equity ETF has a 52 week low of $25.95 and a 52 week high of $35.28. The business has a fifty day simple moving average of $33.13 and a 200-day simple moving average of $32.65. The firm has a market cap of $2.07 billion, a P/E ratio of 19.57 and a beta of 0.82.

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.