Mendel Money Management Has $1.06 Million Stock Position in Capital Group New Geography Equity ETF (NYSEARCA:CGNG)

Mendel Money Management lessened its holdings in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,711 shares of the company’s stock after selling 3,257 shares during the period. Mendel Money Management’s holdings in Capital Group New Geography Equity ETF were worth $1,058,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in Capital Group New Geography Equity ETF during the 4th quarter worth approximately $36,000. Steward Partners Investment Advisory LLC purchased a new stake in Capital Group New Geography Equity ETF in the 4th quarter valued at $38,000. Sanctuary Advisors LLC bought a new position in Capital Group New Geography Equity ETF during the 3rd quarter valued at $215,000. MML Investors Services LLC bought a new stake in shares of Capital Group New Geography Equity ETF in the 3rd quarter worth $215,000. Finally, McNamara Financial Services Inc. purchased a new stake in shares of Capital Group New Geography Equity ETF in the fourth quarter valued at about $226,000.

Capital Group New Geography Equity ETF Price Performance

CGNG opened at $26.03 on Wednesday. Capital Group New Geography Equity ETF has a fifty-two week low of $23.19 and a fifty-two week high of $26.87. The company’s 50-day moving average is $25.60 and its 200 day moving average is $25.59. The firm has a market capitalization of $213.45 million and a P/E ratio of 20.65.

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.