Moloney Securities Asset Management LLC Sells 18,000 Shares of Capital Group New Geography Equity ETF $CGNG

Moloney Securities Asset Management LLC lessened its stake in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 53.3% in the third quarter, HoldingsChannel reports. The firm owned 15,750 shares of the company’s stock after selling 18,000 shares during the period. Moloney Securities Asset Management LLC’s holdings in Capital Group New Geography Equity ETF were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new position in shares of Capital Group New Geography Equity ETF in the 3rd quarter worth $28,000. Geneos Wealth Management Inc. bought a new position in Capital Group New Geography Equity ETF in the third quarter valued at about $30,000. Bfsg LLC bought a new position in Capital Group New Geography Equity ETF in the third quarter valued at about $32,000. Sittner & Nelson LLC purchased a new position in Capital Group New Geography Equity ETF in the second quarter worth about $37,000. Finally, Private Trust Co. NA purchased a new position in Capital Group New Geography Equity ETF in the second quarter worth about $80,000.

Capital Group New Geography Equity ETF Stock Up 2.8%

NYSEARCA CGNG opened at $34.03 on Monday. The company has a 50-day moving average price of $32.67 and a 200-day moving average price of $31.27. Capital Group New Geography Equity ETF has a 52 week low of $22.22 and a 52 week high of $34.42. The firm has a market capitalization of $1.58 billion, a P/E ratio of 19.57 and a beta of 0.55.

Capital Group New Geography Equity ETF Announces Dividend

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

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.