Envestnet Asset Management Inc. Boosts Stock Position in Capital Group New Geography Equity ETF (NYSEARCA:CGNG)

Envestnet Asset Management Inc. raised its position in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 1,206.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 734,467 shares of the company’s stock after purchasing an additional 678,244 shares during the quarter. Envestnet Asset Management Inc. owned 7.68% of Capital Group New Geography Equity ETF worth $18,479,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of Capital Group New Geography Equity ETF in the fourth quarter worth about $38,000. Raymond James Financial Inc. purchased a new stake in shares of Capital Group New Geography Equity ETF in the fourth quarter worth about $530,000. Commonwealth Equity Services LLC boosted its stake in shares of Capital Group New Geography Equity ETF by 190.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 38,888 shares of the company’s stock worth $963,000 after buying an additional 25,490 shares during the last quarter. Virtu Financial LLC boosted its stake in shares of Capital Group New Geography Equity ETF by 41.9% in the fourth quarter. Virtu Financial LLC now owns 13,492 shares of the company’s stock worth $334,000 after buying an additional 3,986 shares during the last quarter. Finally, LPL Financial LLC purchased a new stake in shares of Capital Group New Geography Equity ETF in the fourth quarter worth about $949,000.

Capital Group New Geography Equity ETF Stock Up 0.3%

Shares of CGNG opened at $28.88 on Thursday. Capital Group New Geography Equity ETF has a 52 week low of $22.22 and a 52 week high of $28.97. The company has a market capitalization of $601.97 million and a price-to-earnings ratio of 19.57. The stock’s 50-day moving average price is $27.89 and its 200-day moving average price is $26.14.

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.