McNamara Financial Services Inc. Increases Position in Capital Group New Geography Equity ETF $CGNG

McNamara Financial Services Inc. grew its stake in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 35.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,121 shares of the company’s stock after acquiring an additional 14,969 shares during the quarter. Capital Group New Geography Equity ETF comprises about 0.3% of McNamara Financial Services Inc.’s portfolio, making the stock its 24th biggest position. McNamara Financial Services Inc. owned approximately 0.27% of Capital Group New Geography Equity ETF worth $1,646,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Capital Group New Geography Equity ETF by 43.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 81,137 shares of the company’s stock valued at $2,041,000 after acquiring an additional 24,514 shares during the period. LPL Financial LLC grew its stake in Capital Group New Geography Equity ETF by 190.3% during the 1st quarter. LPL Financial LLC now owns 111,229 shares of the company’s stock worth $2,799,000 after buying an additional 72,911 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Capital Group New Geography Equity ETF by 1,206.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 734,467 shares of the company’s stock worth $18,479,000 after buying an additional 678,244 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Capital Group New Geography Equity ETF by 8.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 59,813 shares of the company’s stock worth $1,505,000 after buying an additional 4,489 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in Capital Group New Geography Equity ETF during the 1st quarter worth $550,000.

Capital Group New Geography Equity ETF Price Performance

Shares of CGNG stock opened at $30.26 on Monday. Capital Group New Geography Equity ETF has a 1-year low of $22.22 and a 1-year high of $31.46. The stock’s fifty day moving average price is $30.06 and its 200 day moving average price is $28.05. The company has a market cap of $907.80 million and a price-to-earnings ratio of 19.57.

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.