J. Derek Lewis & Associates Inc. Acquires New Position in Capital Group New Geography Equity ETF $CGNG

J. Derek Lewis & Associates Inc. bought a new position in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) during the 4th quarter, HoldingsChannel.com reports. The fund bought 105,281 shares of the company’s stock, valued at approximately $3,362,000. Capital Group New Geography Equity ETF makes up 0.8% of J. Derek Lewis & Associates Inc.’s investment portfolio, making the stock its 26th largest position.

A number of other hedge funds also recently added to or reduced their stakes in the business. LPL Financial LLC grew its stake in shares of Capital Group New Geography Equity ETF by 48.1% in the fourth quarter. LPL Financial LLC now owns 4,532,999 shares of the company’s stock worth $144,739,000 after acquiring an additional 1,472,258 shares in the last quarter. Capital Group Private Client Services Inc. raised its stake in shares of Capital Group New Geography Equity ETF by 9.1% in the fourth quarter. Capital Group Private Client Services Inc. now owns 2,651,446 shares of the company’s stock valued at $84,661,000 after acquiring an additional 220,620 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Capital Group New Geography Equity ETF by 13.5% in the fourth quarter. Cetera Investment Advisers now owns 2,118,041 shares of the company’s stock valued at $67,629,000 after acquiring an additional 252,297 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Capital Group New Geography Equity ETF by 28.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,736,735 shares of the company’s stock valued at $55,454,000 after purchasing an additional 381,480 shares during the period. Finally, Raymond James Financial Inc. grew its stake 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 purchasing an additional 531,580 shares in the last quarter.

Capital Group New Geography Equity ETF Price Performance

Shares of NYSEARCA CGNG opened at $37.98 on Friday. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 19.57 and a beta of 0.83. The stock’s 50-day moving average is $35.67 and its two-hundred day moving average is $33.80. Capital Group New Geography Equity ETF has a 1-year low of $27.36 and a 1-year high of $38.05.

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.