Envestnet Asset Management Inc. Acquires 48,186 Shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG)

Envestnet Asset Management Inc. lifted its holdings in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 599.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,223 shares of the company’s stock after buying an additional 48,186 shares during the period. Envestnet Asset Management Inc.’s holdings in Capital Group New Geography Equity ETF were worth $1,393,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in CGNG. Lodestone Wealth Management LLC lifted its stake in shares of Capital Group New Geography Equity ETF by 4.8% during the 4th quarter. Lodestone Wealth Management LLC now owns 9,706 shares of the company’s stock valued at $240,000 after buying an additional 445 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in Capital Group New Geography Equity ETF by 4.6% during the 4th quarter. Kingsview Wealth Management LLC now owns 16,278 shares of the company’s stock valued at $403,000 after buying an additional 710 shares during the period. Transcendent Capital Group LLC bought a new stake in shares of Capital Group New Geography Equity ETF in the 4th quarter worth approximately $36,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Capital Group New Geography Equity ETF in the 4th quarter worth about $38,000. Finally, Virtu Financial LLC boosted its position in shares of Capital Group New Geography Equity ETF by 41.9% during the fourth quarter. Virtu Financial LLC now owns 13,492 shares of the company’s stock valued at $334,000 after purchasing an additional 3,986 shares in the last quarter.

Capital Group New Geography Equity ETF Price Performance

NYSEARCA:CGNG opened at $25.60 on Wednesday. Capital Group New Geography Equity ETF has a one year low of $22.22 and a one year high of $26.87. The company’s 50-day simple moving average is $25.02 and its 200 day simple moving average is $25.32. The firm has a market capitalization of $244.74 million and a P/E ratio of 18.38.

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.