Valmark Advisers Inc. Has $1.67 Million Position in Capital Group New Geography Equity ETF $CGNG

Valmark Advisers Inc. lifted its holdings in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 70.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,843 shares of the company’s stock after acquiring an additional 21,929 shares during the period. Valmark Advisers Inc.’s holdings in Capital Group New Geography Equity ETF were worth $1,668,000 as of its most recent filing with the Securities and Exchange Commission.

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

Capital Group New Geography Equity ETF Trading Down 2.9%

Shares of NYSEARCA CGNG opened at $35.67 on Tuesday. The firm has a market capitalization of $2.59 billion, a P/E ratio of 19.57 and a beta of 0.81. The firm’s 50-day moving average price is $36.39 and its 200-day moving average price is $34.36. Capital Group New Geography Equity ETF has a 1-year low of $28.20 and a 1-year high of $38.25.

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.