Founders Financial Securities LLC Increases Stake in Capital Group New Geography Equity ETF $CGNG

Founders Financial Securities LLC raised its position in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 147.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 41,403 shares of the company’s stock after purchasing an additional 24,661 shares during the period. Founders Financial Securities LLC’s holdings in Capital Group New Geography Equity ETF were worth $1,322,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CGNG. Royal Bank of Canada lifted its holdings in Capital Group New Geography Equity ETF by 2,330.7% in the 1st quarter. Royal Bank of Canada now owns 350,437 shares of the company’s stock valued at $8,817,000 after purchasing an additional 336,020 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Capital Group New Geography Equity ETF by 154.6% in the 2nd quarter. Baird Financial Group Inc. now owns 110,708 shares of the company’s stock valued at $3,189,000 after purchasing an additional 67,218 shares in the last quarter. Peapack Gladstone Financial Corp lifted its holdings in Capital Group New Geography Equity ETF by 10.9% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 13,220 shares of the company’s stock valued at $381,000 after purchasing an additional 1,300 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Capital Group New Geography Equity ETF by 131.3% in the 2nd quarter. Raymond James Financial Inc. now owns 742,206 shares of the company’s stock valued at $21,383,000 after purchasing an additional 421,319 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in Capital Group New Geography Equity ETF by 1,393.3% in the 2nd quarter. Jane Street Group LLC now owns 273,985 shares of the company’s stock valued at $7,894,000 after purchasing an additional 255,637 shares in the last quarter.

Capital Group New Geography Equity ETF Stock Performance

Shares of CGNG stock opened at $37.21 on Tuesday. The stock’s fifty day moving average is $34.26 and its two-hundred day moving average is $33.30. The firm has a market capitalization of $2.21 billion, a P/E ratio of 19.57 and a beta of 0.82. Capital Group New Geography Equity ETF has a fifty-two week low of $27.23 and a fifty-two week high of $37.37.

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.