Mendel Money Management Trims Position in Capital Group New Geography Equity ETF $CGNG

Mendel Money Management cut its position in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 3.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,330 shares of the company’s stock after selling 1,335 shares during the period. Mendel Money Management owned about 0.19% of Capital Group New Geography Equity ETF worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in shares of Capital Group New Geography Equity ETF by 37.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,010,295 shares of the company’s stock worth $29,107,000 after purchasing an additional 275,828 shares in the last quarter. Moloney Securities Asset Management LLC grew its stake in Capital Group New Geography Equity ETF by 19.7% during the second quarter. Moloney Securities Asset Management LLC now owns 33,750 shares of the company’s stock valued at $972,000 after acquiring an additional 5,550 shares in the last quarter. Bleakley Financial Group LLC grew its stake in Capital Group New Geography Equity ETF by 11.3% during the second quarter. Bleakley Financial Group LLC now owns 89,356 shares of the company’s stock valued at $2,574,000 after acquiring an additional 9,097 shares in the last quarter. Strategic Blueprint LLC grew its stake in Capital Group New Geography Equity ETF by 102.7% during the second quarter. Strategic Blueprint LLC now owns 92,729 shares of the company’s stock valued at $2,672,000 after acquiring an additional 46,993 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in Capital Group New Geography Equity ETF by 33.5% during the second quarter. Cullen Frost Bankers Inc. now owns 26,009 shares of the company’s stock valued at $749,000 after acquiring an additional 6,525 shares in the last quarter.

Capital Group New Geography Equity ETF Stock Performance

CGNG opened at $32.03 on Wednesday. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 19.57 and a beta of 0.55. The company has a fifty day moving average of $30.58 and a 200 day moving average of $28.66. Capital Group New Geography Equity ETF has a fifty-two week low of $22.22 and a fifty-two week high of $32.06.

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.