Capital Group New Geography Equity ETF $CGNG Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its stake in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 24.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 307,935 shares of the company’s stock after purchasing an additional 59,861 shares during the period. Concurrent Investment Advisors LLC’s holdings in Capital Group New Geography Equity ETF were worth $11,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of CGNG. EverSource Wealth Advisors LLC grew its position in shares of Capital Group New Geography Equity ETF by 4,589.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,251 shares of the company’s stock worth $72,000 after acquiring an additional 2,203 shares during the last quarter. Transamerica Financial Advisors LLC increased its stake in shares of Capital Group New Geography Equity ETF by 68.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 3,709 shares of the company’s stock valued at $118,000 after purchasing an additional 1,513 shares during the period. Comerica Bank raised its holdings in shares of Capital Group New Geography Equity ETF by 17.8% during the third quarter. Comerica Bank now owns 3,836 shares of the company’s stock valued at $119,000 after buying an additional 579 shares during the last quarter. Birchwood Financial Partners Inc. bought a new position in Capital Group New Geography Equity ETF in the 4th quarter worth approximately $125,000. Finally, Sittner & Nelson LLC grew its holdings in Capital Group New Geography Equity ETF by 281.2% in the 3rd quarter. Sittner & Nelson LLC now owns 4,955 shares of the company’s stock worth $153,000 after buying an additional 3,655 shares in the last quarter.

Capital Group New Geography Equity ETF Stock Performance

Shares of CGNG stock opened at $37.27 on Friday. Capital Group New Geography Equity ETF has a 1 year low of $29.52 and a 1 year high of $38.25. The firm has a market capitalization of $2.84 billion, a PE ratio of 19.57 and a beta of 0.84. The stock has a fifty day moving average of $36.31 and a two-hundred day moving average of $35.15.

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.