Wealth Enhancement Advisory Services LLC Purchases 21,725 Shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG)

Wealth Enhancement Advisory Services LLC increased its position in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 238.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,855 shares of the company’s stock after purchasing an additional 21,725 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Capital Group New Geography Equity ETF were worth $764,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CGNG. Sanctuary Advisors LLC lifted its holdings in shares of Capital Group New Geography Equity ETF by 104.2% during the fourth quarter. Sanctuary Advisors LLC now owns 17,480 shares of the company’s stock valued at $449,000 after acquiring an additional 8,921 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of Capital Group New Geography Equity ETF during the fourth quarter valued at $38,000. Comerica Bank bought a new position in shares of Capital Group New Geography Equity ETF during the fourth quarter valued at $82,000. Cetera Investment Advisers bought a new position in shares of Capital Group New Geography Equity ETF during the fourth quarter valued at $462,000. Finally, Raymond James Financial Inc. bought a new position in shares of Capital Group New Geography Equity ETF during the fourth quarter valued at $530,000.

Capital Group New Geography Equity ETF Stock Performance

Shares of NYSEARCA CGNG opened at $28.11 on Wednesday. The stock has a market cap of $380.05 million and a PE ratio of 19.88. The business has a fifty day moving average of $25.93 and a two-hundred day moving average of $25.60. Capital Group New Geography Equity ETF has a 52-week low of $22.22 and a 52-week high of $28.13.

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.