Merit Financial Group LLC Has $15.40 Million Stock Position in Capital Group New Geography Equity ETF $CGNG

Merit Financial Group LLC boosted its stake in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 1,633.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 498,401 shares of the company’s stock after acquiring an additional 469,644 shares during the quarter. Merit Financial Group LLC owned 1.52% of Capital Group New Geography Equity ETF worth $15,401,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. boosted its stake in shares of Capital Group New Geography Equity ETF by 1,398.4% during the 1st quarter. Raymond James Financial Inc. now owns 320,887 shares of the company’s stock worth $8,074,000 after buying an additional 299,472 shares during the last quarter. OLD Mission Capital LLC acquired a new position in Capital Group New Geography Equity ETF in the 1st quarter valued at about $540,000. Baird Financial Group Inc. increased its stake in shares of Capital Group New Geography Equity ETF by 295.1% during the first quarter. Baird Financial Group Inc. now owns 43,490 shares of the company’s stock worth $1,094,000 after purchasing an additional 32,484 shares during the period. Royal Bank of Canada increased its position in Capital Group New Geography Equity ETF by 2,330.7% during the 1st quarter. Royal Bank of Canada now owns 350,437 shares of the company’s stock worth $8,817,000 after buying an additional 336,020 shares during the period. Finally, Jones Financial Companies Lllp acquired a new stake in Capital Group New Geography Equity ETF in the 1st quarter worth about $1,845,000.

Capital Group New Geography Equity ETF Trading Up 0.1%

Shares of CGNG stock opened at $32.05 on Wednesday. The stock has a 50 day simple moving average of $31.69 and a 200 day simple moving average of $30.33. The stock has a market cap of $1.05 billion, a P/E ratio of 19.57 and a beta of 0.55. Capital Group New Geography Equity ETF has a 1 year low of $22.22 and a 1 year high of $32.34.

Capital Group New Geography Equity ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a dividend of $0.217 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a 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.