Capital Group New Geography Equity ETF $CGNG Shares Purchased by Ergawealth Advisors Inc.

Ergawealth Advisors Inc. boosted its holdings in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 130.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,051 shares of the company’s stock after purchasing an additional 93,416 shares during the quarter. Capital Group New Geography Equity ETF makes up about 2.4% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its 8th largest holding. Ergawealth Advisors Inc. owned about 0.39% of Capital Group New Geography Equity ETF worth $5,270,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CGNG. Northwestern Mutual Wealth Management Co. boosted its holdings in Capital Group New Geography Equity ETF by 1,392.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,355,255 shares of the company’s stock worth $41,877,000 after purchasing an additional 1,264,471 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Capital Group New Geography Equity ETF by 119.6% in the third quarter. Envestnet Asset Management Inc. now owns 2,219,043 shares of the company’s stock worth $68,568,000 after purchasing an additional 1,208,748 shares during the period. Capital Group Private Client Services Inc. boosted its holdings in Capital Group New Geography Equity ETF by 44.4% in the third quarter. Capital Group Private Client Services Inc. now owns 2,430,826 shares of the company’s stock worth $75,113,000 after purchasing an additional 747,156 shares during the period. NewEdge Advisors LLC acquired a new position in Capital Group New Geography Equity ETF in the second quarter worth $16,600,000. Finally, Raymond James Financial Inc. boosted its holdings in Capital Group New Geography Equity ETF by 71.6% in the third quarter. Raymond James Financial Inc. now owns 1,273,786 shares of the company’s stock worth $39,360,000 after purchasing an additional 531,580 shares during the period.

Capital Group New Geography Equity ETF Price Performance

Capital Group New Geography Equity ETF stock opened at $33.55 on Thursday. The company has a market cap of $1.86 billion, a PE ratio of 19.57 and a beta of 0.76. Capital Group New Geography Equity ETF has a 12 month low of $22.38 and a 12 month high of $35.12. The company has a fifty day moving average price of $33.03 and a two-hundred day moving average price of $32.28.

Capital Group New Geography Equity ETF 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.