NewCorp Financial Services Inc. Invests $4.26 Million in Capital Group New Geography Equity ETF $CGNG

NewCorp Financial Services Inc. acquired a new position in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 133,464 shares of the company’s stock, valued at approximately $4,262,000. Capital Group New Geography Equity ETF comprises approximately 3.8% of NewCorp Financial Services Inc.’s holdings, making the stock its 10th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Capital Group Private Client Services Inc. lifted its stake in shares of Capital Group New Geography Equity ETF by 44.4% in the third quarter. Capital Group Private Client Services Inc. now owns 2,430,826 shares of the company’s stock worth $75,113,000 after buying an additional 747,156 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Capital Group New Geography Equity ETF by 119.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,219,043 shares of the company’s stock valued at $68,568,000 after purchasing an additional 1,208,748 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Capital Group New Geography Equity ETF by 28.1% during the 4th 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 last quarter. Raymond James Financial Inc. raised 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 valued at $39,360,000 after purchasing an additional 531,580 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in Capital Group New Geography Equity ETF by 3.4% during the 3rd quarter. NewEdge Advisors LLC now owns 595,708 shares of the company’s stock valued at $18,407,000 after purchasing an additional 19,528 shares during the last quarter.

Capital Group New Geography Equity ETF Price Performance

NYSEARCA:CGNG opened at $36.82 on Monday. The stock has a market cap of $2.19 billion, a P/E ratio of 19.57 and a beta of 0.82. Capital Group New Geography Equity ETF has a one year low of $27.03 and a one year high of $37.06. The company has a fifty day moving average price of $34.16 and a 200 day moving average price of $33.26.

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.