Confluence Wealth Services Inc. Has $8.14 Million Position in Capital Group Conservative Equity ETF $CGCV

Confluence Wealth Services Inc. raised its stake in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 1,678.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 267,062 shares of the company’s stock after buying an additional 252,046 shares during the quarter. Confluence Wealth Services Inc. owned about 0.61% of Capital Group Conservative Equity ETF worth $8,143,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Trademark Financial Management LLC acquired a new position in shares of Capital Group Conservative Equity ETF during the 4th quarter worth about $1,046,000. Private Trust Co. NA grew its position in shares of Capital Group Conservative Equity ETF by 70.5% during the 4th quarter. Private Trust Co. NA now owns 3,253 shares of the company’s stock worth $99,000 after buying an additional 1,345 shares during the period. Valmark Advisers Inc. grew its position in shares of Capital Group Conservative Equity ETF by 191.3% during the 4th quarter. Valmark Advisers Inc. now owns 233,971 shares of the company’s stock worth $7,134,000 after buying an additional 153,651 shares during the period. Tribridge Partners Financial LLC grew its position in shares of Capital Group Conservative Equity ETF by 9.2% during the 4th quarter. Tribridge Partners Financial LLC now owns 757,961 shares of the company’s stock worth $23,110,000 after buying an additional 63,997 shares during the period. Finally, Assetmark Inc. grew its position in shares of Capital Group Conservative Equity ETF by 13.9% during the 4th quarter. Assetmark Inc. now owns 62,866 shares of the company’s stock worth $1,917,000 after buying an additional 7,684 shares during the period.

Capital Group Conservative Equity ETF Stock Performance

Shares of CGCV opened at $31.04 on Thursday. The stock has a 50 day simple moving average of $30.83 and a 200 day simple moving average of $30.65. Capital Group Conservative Equity ETF has a 52-week low of $25.69 and a 52-week high of $31.96. The firm has a market capitalization of $1.57 billion, a PE ratio of 23.69 and a beta of 0.78.

About Capital Group Conservative Equity ETF

The Capital Group Conservative Equity ETF (CGCV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking total returns through investments in North American companies. CGCV was launched on Jun 25, 2024 and is issued by Capital Group.