NavPoint Financial Inc. Boosts Stock Position in Capital Group New Geography Equity ETF $CGNG

NavPoint Financial Inc. raised its holdings in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 46.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,368 shares of the company’s stock after purchasing an additional 25,536 shares during the period. Capital Group New Geography Equity ETF comprises approximately 1.1% of NavPoint Financial Inc.’s holdings, making the stock its 25th largest holding. NavPoint Financial Inc. owned about 0.19% of Capital Group New Geography Equity ETF worth $2,566,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CGNG. Royal Bank of Canada increased its stake in shares of Capital Group New Geography Equity ETF by 2,330.7% in the first quarter. Royal Bank of Canada now owns 350,437 shares of the company’s stock worth $8,817,000 after buying an additional 336,020 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Capital Group New Geography Equity ETF by 154.6% during the 2nd quarter. Baird Financial Group Inc. now owns 110,708 shares of the company’s stock valued at $3,189,000 after acquiring an additional 67,218 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in Capital Group New Geography Equity ETF during the 2nd quarter valued at $1,907,000. Acorn Wealth Advisors LLC grew its holdings in Capital Group New Geography Equity ETF by 7.6% during the 2nd quarter. Acorn Wealth Advisors LLC now owns 16,337 shares of the company’s stock worth $471,000 after acquiring an additional 1,149 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in Capital Group New Geography Equity ETF during the 2nd quarter worth $16,600,000.

Capital Group New Geography Equity ETF Stock Performance

CGNG opened at $31.62 on Monday. The company has a market capitalization of $1.75 billion, a P/E ratio of 19.57 and a beta of 0.55. The company has a 50-day moving average of $33.13 and a 200-day moving average of $32.26. Capital Group New Geography Equity ETF has a 1-year low of $22.22 and a 1-year high of $35.12.

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.