Capital Group New Geography Equity ETF $CGNG Position Boosted by Park Avenue Securities LLC

Park Avenue Securities LLC grew its position in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 60.6% during the third quarter, HoldingsChannel.com reports. The fund owned 56,328 shares of the company’s stock after acquiring an additional 21,264 shares during the quarter. Park Avenue Securities LLC’s holdings in Capital Group New Geography Equity ETF were worth $2,053,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Baird Financial Group Inc. boosted its position in shares of Capital Group New Geography Equity ETF by 30.7% during the 2nd quarter. Baird Financial Group Inc. now owns 508,549 shares of the company’s stock valued at $19,050,000 after acquiring an additional 119,487 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Capital Group New Geography Equity ETF in the second quarter valued at $827,000. HB Wealth Management LLC purchased a new position in shares of Capital Group New Geography Equity ETF in the second quarter valued at $1,055,000. SilverOak Wealth Management LLC increased its position in Capital Group New Geography Equity ETF by 5.8% in the first quarter. SilverOak Wealth Management LLC now owns 297,548 shares of the company’s stock worth $9,394,000 after purchasing an additional 16,332 shares during the last quarter. Finally, Stonebridge Financial Group LLC increased its position in Capital Group New Geography Equity ETF by 39.1% in the second quarter. Stonebridge Financial Group LLC now owns 108,734 shares of the company’s stock worth $4,073,000 after purchasing an additional 30,590 shares during the last quarter.

Capital Group New Geography Equity ETF Stock Performance

Shares of CGNG opened at $33.16 on Friday. The stock has a market capitalization of $2.94 billion, a PE ratio of 19.57 and a beta of 0.84. The company’s fifty day moving average is $36.14 and its 200 day moving average is $35.15. Capital Group New Geography Equity ETF has a fifty-two week low of $30.13 and a fifty-two week 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.