Eagle Bay Advisors LLC Invests $4.79 Million in Capital Group New Geography Equity ETF $CGNG

Eagle Bay Advisors LLC purchased a new stake in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 151,651 shares of the company’s stock, valued at approximately $4,788,000. Capital Group New Geography Equity ETF makes up 4.2% of Eagle Bay Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. Eagle Bay Advisors LLC owned about 0.26% of Capital Group New Geography Equity ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGNG. LPL Financial LLC boosted its stake in Capital Group New Geography Equity ETF by 48.1% in the 4th quarter. LPL Financial LLC now owns 4,532,999 shares of the company’s stock worth $144,739,000 after purchasing an additional 1,472,258 shares during the period. Capital Group Private Client Services Inc. increased its position in shares of Capital Group New Geography Equity ETF by 9.1% during the fourth quarter. Capital Group Private Client Services Inc. now owns 2,651,446 shares of the company’s stock valued at $84,661,000 after buying an additional 220,620 shares during the period. Cetera Investment Advisers increased its position in shares of Capital Group New Geography Equity ETF by 13.5% during the fourth quarter. Cetera Investment Advisers now owns 2,118,041 shares of the company’s stock valued at $67,629,000 after buying an additional 252,297 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Capital Group New Geography Equity ETF by 28.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,736,735 shares of the company’s stock worth $55,454,000 after buying an additional 381,480 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Capital Group New Geography Equity ETF by 71.6% in the third quarter. Raymond James Financial Inc. now owns 1,273,786 shares of the company’s stock worth $39,360,000 after buying an additional 531,580 shares in the last quarter.

Capital Group New Geography Equity ETF Trading Down 1.1%

CGNG stock opened at $36.15 on Friday. The firm has a 50 day moving average of $36.12 and a 200-day moving average of $34.13. The firm has a market capitalization of $2.59 billion, a P/E ratio of 19.57 and a beta of 0.81. Capital Group New Geography Equity ETF has a 12 month low of $28.20 and a 12 month high of $38.25.

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.