Towle & Co. Acquires New Holdings in Capital Group New Geography Equity ETF $CGNG

Towle & Co. bought a new stake in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,544 shares of the company’s stock, valued at approximately $459,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CGNG. LPL Financial LLC increased its holdings in shares of Capital Group New Geography Equity ETF by 48.1% during the fourth quarter. LPL Financial LLC now owns 4,532,999 shares of the company’s stock worth $144,739,000 after buying an additional 1,472,258 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Capital Group New Geography Equity ETF by 1,392.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,355,255 shares of the company’s stock valued at $41,877,000 after acquiring an additional 1,264,471 shares in the last quarter. Wells Fargo & Company MN grew its position in Capital Group New Geography Equity ETF by 334.5% during the 4th quarter. Wells Fargo & Company MN now owns 692,051 shares of the company’s stock worth $22,097,000 after acquiring an additional 532,769 shares during the last quarter. Raymond James Financial Inc. grew its position in Capital Group New Geography Equity ETF by 71.6% during the 3rd quarter. Raymond James Financial Inc. now owns 1,273,786 shares of the company’s stock worth $39,360,000 after acquiring an additional 531,580 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in Capital Group New Geography Equity ETF by 162.6% in the 4th quarter. Osaic Holdings Inc. now owns 801,988 shares of the company’s stock worth $25,610,000 after purchasing an additional 496,612 shares in the last quarter.

Capital Group New Geography Equity ETF Trading Down 0.9%

Capital Group New Geography Equity ETF stock opened at $35.59 on Friday. The company has a market capitalization of $2.65 billion, a PE ratio of 19.57 and a beta of 0.81. Capital Group New Geography Equity ETF has a 12 month low of $28.20 and a 12 month high of $38.25. The stock has a 50-day moving average price of $36.32 and a two-hundred day moving average price of $34.56.

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.