Clearstead Trust LLC Raises Position in Capital Group Conservative Equity ETF $CGCV

Clearstead Trust LLC grew its stake in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 67.8% during the 1st quarter, HoldingsChannel reports. The fund owned 513,754 shares of the company’s stock after buying an additional 207,660 shares during the period. Capital Group Conservative Equity ETF comprises 2.5% of Clearstead Trust LLC’s portfolio, making the stock its 9th biggest holding. Clearstead Trust LLC’s holdings in Capital Group Conservative Equity ETF were worth $15,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in CGCV. Valmark Advisers Inc. increased its position in shares of Capital Group Conservative Equity ETF by 191.3% during the fourth quarter. Valmark Advisers Inc. now owns 233,971 shares of the company’s stock valued at $7,134,000 after buying an additional 153,651 shares during the period. Brookstone Capital Management lifted its holdings in shares of Capital Group Conservative Equity ETF by 98.8% in the fourth quarter. Brookstone Capital Management now owns 55,398 shares of the company’s stock worth $1,689,000 after buying an additional 27,534 shares in the last quarter. Regatta Capital Group LLC boosted its position in shares of Capital Group Conservative Equity ETF by 19.1% in the fourth quarter. Regatta Capital Group LLC now owns 111,520 shares of the company’s stock valued at $3,400,000 after acquiring an additional 17,869 shares during the period. Tribridge Partners Financial LLC boosted its position in shares of Capital Group Conservative Equity ETF by 9.2% in the fourth quarter. Tribridge Partners Financial LLC now owns 757,961 shares of the company’s stock valued at $23,110,000 after acquiring an additional 63,997 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Capital Group Conservative Equity ETF by 5,529.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 828,462 shares of the company’s stock valued at $25,682,000 after acquiring an additional 813,745 shares in the last quarter.

Capital Group Conservative Equity ETF Trading Up 0.6%

Shares of NYSEARCA:CGCV opened at $33.11 on Friday. The company has a 50 day moving average of $32.33 and a 200 day moving average of $31.44. The stock has a market cap of $1.90 billion, a P/E ratio of 23.69 and a beta of 0.65. Capital Group Conservative Equity ETF has a 12 month low of $28.62 and a 12 month high of $33.16.

Capital Group Conservative Equity ETF Profile

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.