Capital Group Conservative Equity ETF $CGCV is Clearstead Trust LLC’s 9th Largest Position

Clearstead Trust LLC lifted its position in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 67.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 513,754 shares of the company’s stock after purchasing an additional 207,660 shares during the period. Capital Group Conservative Equity ETF accounts for about 2.5% of Clearstead Trust LLC’s holdings, making the stock its 9th biggest position. Clearstead Trust LLC owned approximately 0.99% of Capital Group Conservative Equity ETF worth $15,315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CGCV. LPL Financial LLC grew its position in Capital Group Conservative Equity ETF by 53.9% in the 4th quarter. LPL Financial LLC now owns 3,942,987 shares of the company’s stock worth $120,222,000 after purchasing an additional 1,380,934 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Capital Group Conservative Equity ETF by 502.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,079,169 shares of the company’s stock worth $32,904,000 after buying an additional 899,949 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Capital Group Conservative Equity ETF by 5,529.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 828,462 shares of the company’s stock worth $25,682,000 after buying an additional 813,745 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Capital Group Conservative Equity ETF by 67.0% in the 2nd quarter. Raymond James Financial Inc. now owns 1,397,337 shares of the company’s stock worth $39,964,000 after buying an additional 560,814 shares during the last quarter. Finally, Envision Financial Planning LLC boosted its stake in shares of Capital Group Conservative Equity ETF by 326.3% in the 4th quarter. Envision Financial Planning LLC now owns 604,129 shares of the company’s stock worth $18,420,000 after buying an additional 462,425 shares during the last quarter.

Capital Group Conservative Equity ETF Stock Up 0.6%

CGCV stock opened at $33.11 on Friday. The firm has a market cap of $1.90 billion, a PE ratio of 23.69 and a beta of 0.65. The business has a 50 day moving average of $32.33 and a 200-day moving average of $31.44. Capital Group Conservative Equity ETF has a 12-month low of $28.62 and a 12-month high of $33.16.

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.