Northwestern Mutual Wealth Management Co. Trims Stock Holdings in Capital Group New Geography Equity ETF $CGNG

Northwestern Mutual Wealth Management Co. lowered its stake in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 89.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,418 shares of the company’s stock after selling 1,206,837 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group New Geography Equity ETF were worth $4,739,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CGNG. Flagship Harbor Advisors LLC purchased a new stake in Capital Group New Geography Equity ETF during the fourth quarter worth $34,000. Ameritas Advisory Services LLC purchased a new stake in shares of Capital Group New Geography Equity ETF in the third quarter valued at $105,000. Comerica Bank increased its stake in Capital Group New Geography Equity ETF by 17.8% in the third quarter. Comerica Bank now owns 3,836 shares of the company’s stock valued at $119,000 after purchasing an additional 579 shares during the last quarter. Sittner & Nelson LLC increased its stake in Capital Group New Geography Equity ETF by 281.2% in the third quarter. Sittner & Nelson LLC now owns 4,955 shares of the company’s stock valued at $153,000 after purchasing an additional 3,655 shares during the last quarter. Finally, Balboa Wealth Partners acquired a new position in Capital Group New Geography Equity ETF in the fourth quarter valued at $226,000.

Capital Group New Geography Equity ETF Price Performance

Shares of NYSEARCA:CGNG opened at $35.56 on Friday. The firm has a market capitalization of $2.11 billion, a PE ratio of 19.57 and a beta of 0.82. The business has a 50-day moving average of $33.70 and a two-hundred day moving average of $33.08. Capital Group New Geography Equity ETF has a 12 month low of $26.95 and a 12 month high of $36.55.

Capital Group New Geography Equity ETF 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.