Northwestern Mutual Wealth Management Co. Buys 501,245 Shares of Capital Group Conservative Equity ETF $CGCV

Northwestern Mutual Wealth Management Co. increased its stake in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 279.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 680,465 shares of the company’s stock after buying an additional 501,245 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 1.51% of Capital Group Conservative Equity ETF worth $20,747,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Comerica Bank grew its holdings in Capital Group Conservative Equity ETF by 156.4% during the third quarter. Comerica Bank now owns 905 shares of the company’s stock worth $27,000 after buying an additional 552 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in Capital Group Conservative Equity ETF during the fourth quarter worth $28,000. Sunbelt Securities Inc. bought a new position in Capital Group Conservative Equity ETF in the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC bought a new position in Capital Group Conservative Equity ETF in the 3rd quarter valued at $38,000. Finally, NewEdge Advisors LLC bought a new position in Capital Group Conservative Equity ETF in the 1st quarter valued at $42,000.

Capital Group Conservative Equity ETF Price Performance

Shares of NYSEARCA:CGCV opened at $31.69 on Wednesday. The company has a market capitalization of $1.65 billion, a PE ratio of 23.69 and a beta of 0.69. The business has a fifty day moving average price of $30.79 and a two-hundred day moving average price of $30.81. Capital Group Conservative Equity ETF has a 1 year low of $27.03 and a 1 year high of $32.06.

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.