Capital Group Conservative Equity ETF $CGCV Shares Acquired by Financial Management Network Inc.

Financial Management Network Inc. lifted its stake in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 19.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,025 shares of the company’s stock after buying an additional 32,568 shares during the period. Financial Management Network Inc. owned approximately 0.46% of Capital Group Conservative Equity ETF worth $6,012,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Comerica Bank boosted its stake in Capital Group Conservative Equity ETF by 156.4% in the third quarter. Comerica Bank now owns 905 shares of the company’s stock valued at $27,000 after acquiring an additional 552 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Capital Group Conservative Equity ETF during the third quarter worth about $30,000. Geneos Wealth Management Inc. acquired a new stake in shares of Capital Group Conservative Equity ETF during the first quarter worth about $31,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Capital Group Conservative Equity ETF during the third quarter worth about $38,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of Capital Group Conservative Equity ETF in the 1st quarter valued at about $42,000.

Capital Group Conservative Equity ETF Stock Down 1.4%

Shares of NYSEARCA CGCV opened at $29.67 on Monday. The stock has a market cap of $1.34 billion, a PE ratio of 23.69 and a beta of 0.72. Capital Group Conservative Equity ETF has a 52-week low of $23.93 and a 52-week high of $31.96. The business has a 50-day moving average price of $31.19 and a 200 day moving average price of $30.58.

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.