Envestnet Asset Management Inc. Acquires 275,828 Shares of Capital Group New Geography Equity ETF $CGNG

Envestnet Asset Management Inc. raised its holdings in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 37.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,010,295 shares of the company’s stock after buying an additional 275,828 shares during the period. Envestnet Asset Management Inc. owned about 4.76% of Capital Group New Geography Equity ETF worth $29,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Moloney Securities Asset Management LLC lifted its position in shares of Capital Group New Geography Equity ETF by 19.7% during the second quarter. Moloney Securities Asset Management LLC now owns 33,750 shares of the company’s stock valued at $972,000 after purchasing an additional 5,550 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of Capital Group New Geography Equity ETF by 11.3% during the second quarter. Bleakley Financial Group LLC now owns 89,356 shares of the company’s stock valued at $2,574,000 after purchasing an additional 9,097 shares in the last quarter. Strategic Blueprint LLC lifted its position in shares of Capital Group New Geography Equity ETF by 102.7% during the second quarter. Strategic Blueprint LLC now owns 92,729 shares of the company’s stock valued at $2,672,000 after purchasing an additional 46,993 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in Capital Group New Geography Equity ETF by 33.5% during the second quarter. Cullen Frost Bankers Inc. now owns 26,009 shares of the company’s stock worth $749,000 after buying an additional 6,525 shares during the last quarter. Finally, Stephens Inc. AR purchased a new stake in Capital Group New Geography Equity ETF during the second quarter worth about $4,471,000.

Capital Group New Geography Equity ETF Stock Performance

NYSEARCA CGNG opened at $31.81 on Monday. Capital Group New Geography Equity ETF has a 52-week low of $22.22 and a 52-week high of $32.34. The company has a 50-day simple moving average of $30.74 and a 200 day simple moving average of $28.85. The company has a market capitalization of $1.04 billion, a PE ratio of 19.57 and a beta of 0.55.

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.