Acorn Wealth Advisors LLC Boosts Stock Holdings in Capital Group New Geography Equity ETF $CGNG

Acorn Wealth Advisors LLC grew its position in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 66.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 51,343 shares of the company’s stock after purchasing an additional 20,433 shares during the period. Acorn Wealth Advisors LLC’s holdings in Capital Group New Geography Equity ETF were worth $1,639,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Capital Group Private Client Services Inc. grew its holdings in shares of Capital Group New Geography Equity ETF by 44.4% during the third quarter. Capital Group Private Client Services Inc. now owns 2,430,826 shares of the company’s stock valued at $75,113,000 after buying an additional 747,156 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Capital Group New Geography Equity ETF by 119.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,219,043 shares of the company’s stock valued at $68,568,000 after buying an additional 1,208,748 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Capital Group New Geography Equity ETF by 28.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,736,735 shares of the company’s stock valued at $55,454,000 after buying an additional 381,480 shares during the last quarter. Raymond James Financial Inc. lifted its position in Capital Group New Geography Equity ETF by 71.6% during the third 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 period. Finally, NewEdge Advisors LLC lifted its position in Capital Group New Geography Equity ETF by 3.4% during the third 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 period.

Capital Group New Geography Equity ETF Stock Down 0.4%

Shares of Capital Group New Geography Equity ETF stock opened at $36.82 on Friday. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 19.57 and a beta of 0.82. The company’s 50 day moving average is $34.16 and its 200 day moving average is $33.25. Capital Group New Geography Equity ETF has a twelve month low of $27.03 and a twelve month high of $37.06.

Capital Group New Geography Equity ETF Company 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.