LPL Financial LLC Grows Holdings in Capital Group New Geography Equity ETF $CGNG

LPL Financial LLC grew its stake in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 48.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,532,999 shares of the company’s stock after buying an additional 1,472,258 shares during the period. LPL Financial LLC owned approximately 9.77% of Capital Group New Geography Equity ETF worth $144,739,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital Group Private Client Services Inc. grew its stake in Capital Group New Geography Equity ETF by 9.1% in the 4th quarter. Capital Group Private Client Services Inc. now owns 2,651,446 shares of the company’s stock worth $84,661,000 after buying an additional 220,620 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Capital Group New Geography Equity ETF by 28.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,736,735 shares of the company’s stock worth $55,454,000 after acquiring an additional 381,480 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Capital Group New Geography Equity ETF by 71.6% in 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. NewEdge Advisors LLC lifted its holdings in shares of Capital Group New Geography Equity ETF by 3.4% in the 3rd quarter. NewEdge Advisors LLC now owns 595,708 shares of the company’s stock worth $18,407,000 after acquiring an additional 19,528 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Capital Group New Geography Equity ETF by 8.2% in the 3rd quarter. Captrust Financial Advisors now owns 577,943 shares of the company’s stock worth $17,858,000 after acquiring an additional 43,860 shares during the last quarter.

Capital Group New Geography Equity ETF Stock Performance

Shares of CGNG opened at $34.83 on Thursday. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 19.57 and a beta of 0.83. Capital Group New Geography Equity ETF has a fifty-two week low of $27.36 and a fifty-two week high of $37.60. The firm has a 50 day moving average price of $34.95 and a 200-day moving average price of $33.53.

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.