Capital Group New Geography Equity ETF $CGNG Stock Position Raised by Quadcap Wealth Management LLC

Quadcap Wealth Management LLC increased its position in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 21.5% in the first quarter, HoldingsChannel reports. The firm owned 261,006 shares of the company’s stock after acquiring an additional 46,099 shares during the period. Capital Group New Geography Equity ETF accounts for about 0.9% of Quadcap Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Quadcap Wealth Management LLC’s holdings in Capital Group New Geography Equity ETF were worth $8,240,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sovran Advisors LLC raised its stake in Capital Group New Geography Equity ETF by 2.2% during the 1st quarter. Sovran Advisors LLC now owns 15,189 shares of the company’s stock valued at $529,000 after purchasing an additional 330 shares during the period. Capital Investment Advisory Services LLC boosted its position in shares of Capital Group New Geography Equity ETF by 3.6% in the fourth quarter. Capital Investment Advisory Services LLC now owns 10,142 shares of the company’s stock worth $324,000 after buying an additional 352 shares during the period. Mariner LLC boosted its position in shares of Capital Group New Geography Equity ETF by 2.4% in the third quarter. Mariner LLC now owns 15,896 shares of the company’s stock worth $491,000 after buying an additional 376 shares during the period. Florida Financial Advisors LLC grew its holdings in shares of Capital Group New Geography Equity ETF by 5.8% during the fourth quarter. Florida Financial Advisors LLC now owns 7,951 shares of the company’s stock valued at $254,000 after buying an additional 438 shares in the last quarter. Finally, Merited Wealth LLC grew its holdings in shares of Capital Group New Geography Equity ETF by 1.5% during the first quarter. Merited Wealth LLC now owns 32,260 shares of the company’s stock valued at $1,018,000 after buying an additional 484 shares in the last quarter.

Capital Group New Geography Equity ETF Trading Down 1.2%

NYSEARCA:CGNG opened at $35.16 on Friday. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 19.57 and a beta of 0.81. Capital Group New Geography Equity ETF has a 1-year low of $28.20 and a 1-year high of $38.25. The business’s fifty day moving average price is $36.32 and its 200 day moving average price is $34.57.

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.