Beta Wealth Group Inc. Lowers Stake in Capital Group New Geography Equity ETF $CGNG

Beta Wealth Group Inc. cut its stake in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 78.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,399 shares of the company’s stock after selling 185,479 shares during the period. Beta Wealth Group Inc. owned about 0.16% of Capital Group New Geography Equity ETF worth $1,588,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in Capital Group New Geography Equity ETF by 119.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,219,043 shares of the company’s stock worth $68,568,000 after acquiring an additional 1,208,748 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Capital Group New Geography Equity ETF by 503.4% during the second quarter. Cetera Investment Advisers now owns 1,291,547 shares of the company’s stock valued at $37,209,000 after acquiring an additional 1,077,493 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Capital Group New Geography Equity ETF in the second quarter valued at approximately $16,600,000. Merit Financial Group LLC grew its stake in Capital Group New Geography Equity ETF by 1,633.1% in the third quarter. Merit Financial Group LLC now owns 498,401 shares of the company’s stock worth $15,401,000 after purchasing an additional 469,644 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Capital Group New Geography Equity ETF by 139.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 784,620 shares of the company’s stock worth $24,245,000 after purchasing an additional 457,323 shares during the period.

Capital Group New Geography Equity ETF Trading Down 0.1%

Shares of CGNG stock opened at $34.25 on Tuesday. Capital Group New Geography Equity ETF has a twelve month low of $22.22 and a twelve month high of $34.90. The stock has a fifty day simple moving average of $32.99 and a two-hundred day simple moving average of $31.50. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 19.57 and a beta of 0.55.

Capital Group New Geography Equity ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a dividend of $0.217 per share. 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.