Ergawealth Advisors Inc. Boosts Stake in Capital Group New Geography Equity ETF $CGNG

Ergawealth Advisors Inc. grew its holdings in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 396.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,635 shares of the company’s stock after acquiring an additional 57,193 shares during the period. Capital Group New Geography Equity ETF comprises about 1.0% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its 19th biggest holding. Ergawealth Advisors Inc. owned approximately 0.23% of Capital Group New Geography Equity ETF worth $2,214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CGNG. Farther Finance Advisors LLC purchased a new position in Capital Group New Geography Equity ETF in the third quarter valued at about $28,000. Sittner & Nelson LLC acquired a new position in shares of Capital Group New Geography Equity ETF in the 2nd quarter valued at approximately $37,000. Private Trust Co. NA purchased a new position in shares of Capital Group New Geography Equity ETF during the 2nd quarter valued at approximately $80,000. Rothschild Investment LLC grew its position in shares of Capital Group New Geography Equity ETF by 220.0% during the second quarter. Rothschild Investment LLC now owns 3,200 shares of the company’s stock worth $92,000 after buying an additional 2,200 shares in the last quarter. Finally, ORG Partners LLC increased its stake in shares of Capital Group New Geography Equity ETF by 1,232.3% in the second quarter. ORG Partners LLC now owns 4,956 shares of the company’s stock worth $142,000 after buying an additional 4,584 shares during the last quarter.

Capital Group New Geography Equity ETF Price Performance

NYSEARCA CGNG opened at $32.01 on Tuesday. Capital Group New Geography Equity ETF has a 12 month low of $22.22 and a 12 month high of $32.34. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 19.57 and a beta of 0.55. The company’s fifty day moving average price is $31.68 and its two-hundred day moving average price is $30.30.

Capital Group New Geography Equity ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a $0.217 dividend. This represents a yield of 67.0%. The ex-dividend date was Friday, December 26th.

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.