Capital Group Private Client Services Inc. Grows Stock Position in Capital Group Conservative Equity ETF $CGCV

Capital Group Private Client Services Inc. lifted its stake in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 13.8% in the fourth quarter, HoldingsChannel reports. The firm owned 3,732,528 shares of the company’s stock after acquiring an additional 452,925 shares during the quarter. Capital Group Conservative Equity ETF makes up about 1.8% of Capital Group Private Client Services Inc.’s investment portfolio, making the stock its 11th biggest position. Capital Group Private Client Services Inc. owned about 0.08% of Capital Group Conservative Equity ETF worth $113,805,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. OneAscent Financial Services LLC boosted its holdings in Capital Group Conservative Equity ETF by 9.6% in the fourth quarter. OneAscent Financial Services LLC now owns 9,505 shares of the company’s stock valued at $290,000 after purchasing an additional 833 shares during the period. J.W. Cole Advisors Inc. purchased a new position in Capital Group Conservative Equity ETF in the fourth quarter valued at $243,000. Continuum Advisory LLC boosted its holdings in Capital Group Conservative Equity ETF by 52.1% in the fourth quarter. Continuum Advisory LLC now owns 26,566 shares of the company’s stock valued at $810,000 after purchasing an additional 9,095 shares during the period. Sittner & Nelson LLC boosted its holdings in Capital Group Conservative Equity ETF by 81.0% in the fourth quarter. Sittner & Nelson LLC now owns 7,240 shares of the company’s stock valued at $229,000 after purchasing an additional 3,240 shares during the period. Finally, Natixis Advisors LLC purchased a new position in Capital Group Conservative Equity ETF in the fourth quarter valued at $368,000.

Capital Group Conservative Equity ETF Price Performance

Shares of NYSEARCA CGCV opened at $31.93 on Friday. Capital Group Conservative Equity ETF has a 1 year low of $27.86 and a 1 year high of $32.32. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 23.69 and a beta of 0.67. The business has a 50-day moving average of $31.24 and a two-hundred day moving average of $30.99.

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.