Assetmark Inc. Purchases 213,493 Shares of Capital Group New Geography Equity ETF $CGNG

Assetmark Inc. lifted its holdings in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 1,343.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 229,386 shares of the company’s stock after acquiring an additional 213,493 shares during the period. Assetmark Inc. owned 0.70% of Capital Group New Geography Equity ETF worth $7,088,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased 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 buying an additional 1,208,748 shares during the period. Cetera Investment Advisers grew its stake in 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 acquiring an additional 1,077,493 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Capital Group New Geography Equity ETF by 139.7% during the third quarter. Commonwealth Equity Services LLC now owns 784,620 shares of the company’s stock worth $24,245,000 after acquiring an additional 457,323 shares during the period. Raymond James Financial Inc. raised its stake in shares of Capital Group New Geography Equity ETF by 131.3% during the second quarter. Raymond James Financial Inc. now owns 742,206 shares of the company’s stock valued at $21,383,000 after acquiring an additional 421,319 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of Capital Group New Geography Equity ETF during the second quarter valued at approximately $16,600,000.

Capital Group New Geography Equity ETF Stock Down 0.1%

Shares of NYSEARCA:CGNG opened at $34.25 on Tuesday. The business’s 50 day moving average is $32.99 and its 200 day moving average is $31.50. The stock has a market cap of $1.59 billion, a P/E ratio of 19.57 and a beta of 0.55. Capital Group New Geography Equity ETF has a 52-week low of $22.22 and a 52-week high of $34.90.

Capital Group New Geography Equity ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a dividend of $0.217 per share. The ex-dividend date was Friday, December 26th. This represents a dividend yield of 67.0%.

Capital Group New Geography Equity ETF Company 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.