Western Wealth Management LLC Boosts Stake in Capital Group New Geography Equity ETF $CGNG

Western Wealth Management LLC lifted its stake in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 146.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,598 shares of the company’s stock after buying an additional 62,134 shares during the period. Western Wealth Management LLC owned approximately 0.18% of Capital Group New Geography Equity ETF worth $3,302,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CGNG. Flagship Harbor Advisors LLC purchased a new position in Capital Group New Geography Equity ETF in the 4th quarter worth $34,000. EverSource Wealth Advisors LLC lifted its position in Capital Group New Geography Equity ETF by 4,589.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,251 shares of the company’s stock worth $72,000 after acquiring an additional 2,203 shares during the period. Transamerica Financial Advisors LLC grew its stake in Capital Group New Geography Equity ETF by 68.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 3,709 shares of the company’s stock valued at $118,000 after purchasing an additional 1,513 shares during the last quarter. Comerica Bank grew its stake in Capital Group New Geography Equity ETF by 17.8% during the 3rd quarter. Comerica Bank now owns 3,836 shares of the company’s stock valued at $119,000 after purchasing an additional 579 shares during the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new position in shares of Capital Group New Geography Equity ETF in the fourth quarter valued at about $125,000.

Capital Group New Geography Equity ETF Stock Performance

Shares of CGNG stock opened at $35.67 on Friday. Capital Group New Geography Equity ETF has a fifty-two week low of $28.20 and a fifty-two week high of $38.25. The firm has a market capitalization of $2.69 billion, a PE ratio of 19.57 and a beta of 0.81. The stock’s 50-day simple moving average is $36.30 and its 200-day simple moving average is $34.64.

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.