Capital Group New Geography Equity ETF $CGNG Stock: Founders Financial Securities LLC Grows Holdings

Founders Financial Securities LLC lifted its stake in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 25.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 109,601 shares of the company’s stock after acquiring an additional 22,148 shares during the period. Founders Financial Securities LLC’s holdings in Capital Group New Geography Equity ETF were worth $3,995,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CGNG. Bank of America Corp DE grew its holdings in Capital Group New Geography Equity ETF by 131.4% in the first quarter. Bank of America Corp DE now owns 1,302,791 shares of the company’s stock worth $41,129,000 after purchasing an additional 739,844 shares during the period. First Pacific Financial acquired a new position in shares of Capital Group New Geography Equity ETF during the third quarter valued at about $16,293,000. KWB Wealth acquired a new position in shares of Capital Group New Geography Equity ETF during the third quarter valued at about $11,623,000. Cetera Investment Advisers boosted its position in shares of Capital Group New Geography Equity ETF by 13.3% during the 1st quarter. Cetera Investment Advisers now owns 2,400,095 shares of the company’s stock worth $75,771,000 after purchasing an additional 282,054 shares in the last quarter. Finally, Sentinel Advisory Group LLC bought a new position in shares of Capital Group New Geography Equity ETF during the 1st quarter worth about $7,689,000.

Capital Group New Geography Equity ETF Trading Down 0.8%

NYSEARCA CGNG opened at $34.15 on Friday. The company has a fifty day simple moving average of $36.20 and a 200 day simple moving average of $35.15. Capital Group New Geography Equity ETF has a 12-month low of $30.13 and a 12-month high of $38.25. The company has a market cap of $3.03 billion, a P/E 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.