Northwestern Mutual Wealth Management Co. Has $55.45 Million Position in Capital Group New Geography Equity ETF $CGNG

Northwestern Mutual Wealth Management Co. lifted its stake in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 28.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,736,735 shares of the company’s stock after purchasing an additional 381,480 shares during the period. Northwestern Mutual Wealth Management Co. owned 3.74% of Capital Group New Geography Equity ETF worth $55,454,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CGNG. Royal Bank of Canada increased its holdings in shares of Capital Group New Geography Equity ETF by 2,330.7% in the first quarter. Royal Bank of Canada now owns 350,437 shares of the company’s stock valued at $8,817,000 after purchasing an additional 336,020 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Capital Group New Geography Equity ETF by 154.6% during the 2nd quarter. Baird Financial Group Inc. now owns 110,708 shares of the company’s stock worth $3,189,000 after acquiring an additional 67,218 shares during the period. Peapack Gladstone Financial Corp grew its holdings in Capital Group New Geography Equity ETF by 10.9% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 13,220 shares of the company’s stock worth $381,000 after acquiring an additional 1,300 shares during the period. Raymond James Financial Inc. grew its holdings in Capital Group New Geography Equity ETF by 131.3% during the 2nd quarter. Raymond James Financial Inc. now owns 742,206 shares of the company’s stock worth $21,383,000 after acquiring an additional 421,319 shares during the period. Finally, Jane Street Group LLC grew its holdings in Capital Group New Geography Equity ETF by 1,393.3% during the 2nd quarter. Jane Street Group LLC now owns 273,985 shares of the company’s stock worth $7,894,000 after acquiring an additional 255,637 shares during the period.

Capital Group New Geography Equity ETF Stock Performance

CGNG opened at $36.82 on Friday. The company has a fifty day moving average price of $34.16 and a two-hundred day moving average price of $33.25. Capital Group New Geography Equity ETF has a 52 week low of $27.03 and a 52 week high of $37.06. The firm has a market capitalization of $2.19 billion, a PE ratio of 19.57 and a beta of 0.82.

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.