Capital Group New Geography Equity ETF $CGNG Shares Bought by Assetmark Inc.

Assetmark Inc. raised its position in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 28.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 425,882 shares of the company’s stock after buying an additional 95,215 shares during the period. Assetmark Inc. owned about 0.72% of Capital Group New Geography Equity ETF worth $13,445,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of CGNG. Independent Financial Group LLC purchased a new stake in shares of Capital Group New Geography Equity ETF in the 1st quarter valued at $1,332,000. Birchwood Financial Partners Inc. grew its position in Capital Group New Geography Equity ETF by 109.6% in the 1st quarter. Birchwood Financial Partners Inc. now owns 8,232 shares of the company’s stock valued at $260,000 after acquiring an additional 4,305 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Capital Group New Geography Equity ETF by 137.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 18,127 shares of the company’s stock valued at $572,000 after acquiring an additional 10,500 shares in the last quarter. BlueChip Wealth Advisors LLC purchased a new stake in Capital Group New Geography Equity ETF during the first quarter worth about $949,000. Finally, Beckerman Institutional LLC increased its stake in Capital Group New Geography Equity ETF by 54.4% during the first quarter. Beckerman Institutional LLC now owns 20,321 shares of the company’s stock worth $642,000 after purchasing an additional 7,163 shares during the period.

Capital Group New Geography Equity ETF Stock Performance

Shares of CGNG opened at $35.06 on Monday. The company’s 50-day simple moving average is $36.36 and its 200-day simple moving average is $34.46. Capital Group New Geography Equity ETF has a 1 year low of $28.20 and a 1 year high of $38.25. The stock has a market capitalization of $2.59 billion, a PE ratio of 19.57 and a beta of 0.81.

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.