LPL Financial LLC Acquires 1,472,258 Shares of Capital Group New Geography Equity ETF $CGNG

LPL Financial LLC boosted its position in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 48.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,532,999 shares of the company’s stock after buying an additional 1,472,258 shares during the quarter. LPL Financial LLC owned approximately 0.10% of Capital Group New Geography Equity ETF worth $144,739,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CGNG. Flagship Harbor Advisors LLC bought a new stake in Capital Group New Geography Equity ETF during the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC raised its holdings in Capital Group New Geography Equity ETF by 4,589.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,251 shares of the company’s stock valued at $72,000 after buying an additional 2,203 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Capital Group New Geography Equity ETF during the 3rd quarter valued at $105,000. Comerica Bank raised its holdings in Capital Group New Geography Equity ETF by 17.8% during the 3rd quarter. Comerica Bank now owns 3,836 shares of the company’s stock valued at $119,000 after buying an additional 579 shares during the last quarter. Finally, Sittner & Nelson LLC raised its holdings in Capital Group New Geography Equity ETF by 281.2% during the 3rd quarter. Sittner & Nelson LLC now owns 4,955 shares of the company’s stock valued at $153,000 after buying an additional 3,655 shares during the last quarter.

Capital Group New Geography Equity ETF Stock Down 2.0%

NYSEARCA:CGNG opened at $34.83 on Thursday. The company has a fifty day moving average of $34.95 and a 200 day moving average of $33.53. Capital Group New Geography Equity ETF has a 52 week low of $27.36 and a 52 week high of $37.60. The firm has a market capitalization of $2.07 billion, a P/E ratio of 19.57 and a beta of 0.83.

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.