Capital Group Conservative Equity ETF $CGCV Shares Sold by Evernest Financial Advisors LLC

Evernest Financial Advisors LLC decreased its stake in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 48.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 129,884 shares of the company’s stock after selling 119,994 shares during the period. Capital Group Conservative Equity ETF accounts for 0.9% of Evernest Financial Advisors LLC’s portfolio, making the stock its 21st biggest position. Evernest Financial Advisors LLC’s holdings in Capital Group Conservative Equity ETF were worth $4,039,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Valmark Advisers Inc. lifted its position in Capital Group Conservative Equity ETF by 20.0% in the first quarter. Valmark Advisers Inc. now owns 280,706 shares of the company’s stock valued at $8,368,000 after acquiring an additional 46,735 shares during the last quarter. Simplicity Wealth LLC boosted its stake in Capital Group Conservative Equity ETF by 9.6% in the first quarter. Simplicity Wealth LLC now owns 11,441 shares of the company’s stock valued at $341,000 after acquiring an additional 1,005 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of Capital Group Conservative Equity ETF by 213.9% during the first quarter. Kestra Advisory Services LLC now owns 144,655 shares of the company’s stock worth $4,312,000 after purchasing an additional 98,578 shares during the last quarter. IAG Wealth Partners LLC purchased a new position in shares of Capital Group Conservative Equity ETF during the first quarter worth about $37,000. Finally, Compton Financial Group LLC purchased a new position in shares of Capital Group Conservative Equity ETF during the first quarter worth about $2,532,000.

Capital Group Conservative Equity ETF Stock Performance

Capital Group Conservative Equity ETF stock opened at $32.97 on Tuesday. Capital Group Conservative Equity ETF has a fifty-two week low of $28.60 and a fifty-two week high of $33.16. The company has a market capitalization of $1.90 billion, a P/E ratio of 23.69 and a beta of 0.65. The stock has a 50-day simple moving average of $32.24 and a 200-day simple moving average of $31.39.

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.