Peapack Gladstone Financial Corp Invests $294,000 in Capital Group New Geography Equity ETF (NYSEARCA:CGNG)

Peapack Gladstone Financial Corp purchased a new position in shares of Capital Group New Geography Equity ETF (NYSEARCA:CGNG) in the fourth quarter, Holdings Channel.com reports. The fund purchased 11,870 shares of the company’s stock, valued at approximately $294,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CGNG. Lodestone Wealth Management LLC increased its holdings in Capital Group New Geography Equity ETF by 4.8% in the 4th quarter. Lodestone Wealth Management LLC now owns 9,706 shares of the company’s stock valued at $240,000 after purchasing an additional 445 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in Capital Group New Geography Equity ETF by 4.6% in the 4th quarter. Kingsview Wealth Management LLC now owns 16,278 shares of the company’s stock valued at $403,000 after purchasing an additional 710 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in Capital Group New Geography Equity ETF in the 4th quarter valued at approximately $36,000. Steward Partners Investment Advisory LLC acquired a new stake in Capital Group New Geography Equity ETF in the 4th quarter valued at approximately $38,000. Finally, Virtu Financial LLC increased its holdings in Capital Group New Geography Equity ETF by 41.9% in the 4th quarter. Virtu Financial LLC now owns 13,492 shares of the company’s stock valued at $334,000 after purchasing an additional 3,986 shares during the last quarter.

Capital Group New Geography Equity ETF Stock Performance

Capital Group New Geography Equity ETF stock opened at $24.17 on Thursday. Capital Group New Geography Equity ETF has a fifty-two week low of $22.22 and a fifty-two week high of $26.87. The firm has a 50 day moving average price of $25.34 and a 200 day moving average price of $25.50. The company has a market capitalization of $231.07 million and a PE ratio of 18.38.

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.