Envestnet Portfolio Solutions Inc. Raises Stake in Capital Group New Geography Equity ETF $CGNG

Envestnet Portfolio Solutions Inc. boosted its stake in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 177.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,114 shares of the company’s stock after acquiring an additional 27,592 shares during the period. Envestnet Portfolio Solutions Inc. owned 0.14% of Capital Group New Geography Equity ETF worth $1,332,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGNG. Cetera Investment Advisers raised its holdings in shares of Capital Group New Geography Equity ETF by 503.4% in the 2nd quarter. Cetera Investment Advisers now owns 1,291,547 shares of the company’s stock worth $37,209,000 after purchasing an additional 1,077,493 shares during the period. NewEdge Advisors LLC purchased a new stake in Capital Group New Geography Equity ETF in the second quarter worth $16,600,000. Merit Financial Group LLC increased its position 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 buying an additional 469,644 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Capital Group New Geography Equity ETF by 139.7% in the third quarter. Commonwealth Equity Services LLC now owns 784,620 shares of the company’s stock worth $24,245,000 after buying an additional 457,323 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of Capital Group New Geography Equity ETF by 131.3% in the second quarter. Raymond James Financial Inc. now owns 742,206 shares of the company’s stock valued at $21,383,000 after buying an additional 421,319 shares during the period.

Capital Group New Geography Equity ETF Stock Performance

CGNG stock opened at $34.20 on Wednesday. The stock has a fifty day moving average of $32.26 and a 200-day moving average of $30.99. Capital Group New Geography Equity ETF has a fifty-two week low of $22.22 and a fifty-two week high of $34.25. The company has a market capitalization of $1.50 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. Stockholders of record on Friday, December 26th were paid a $0.217 dividend. The ex-dividend date was Friday, December 26th. This represents a dividend yield of 67.0%.

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.