Financial Management Network Inc. Buys 39,836 Shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV)

Financial Management Network Inc. boosted its stake in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 132.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 69,838 shares of the company’s stock after purchasing an additional 39,836 shares during the period. Financial Management Network Inc.’s holdings in Capital Group Conservative Equity ETF were worth $1,724,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. IFP Advisors Inc bought a new stake in Capital Group Conservative Equity ETF during the 1st quarter valued at about $25,000. Sunbelt Securities Inc. bought a new stake in Capital Group Conservative Equity ETF during the 1st quarter valued at about $27,000. CGN Advisors LLC lifted its holdings in Capital Group Conservative Equity ETF by 3.8% during the 1st quarter. CGN Advisors LLC now owns 30,003 shares of the company’s stock valued at $814,000 after buying an additional 1,091 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Capital Group Conservative Equity ETF by 11.9% during the 1st quarter. D.A. Davidson & CO. now owns 11,535 shares of the company’s stock valued at $313,000 after buying an additional 1,225 shares in the last quarter. Finally, Pines Wealth Management LLC lifted its holdings in Capital Group Conservative Equity ETF by 2.3% during the 1st quarter. Pines Wealth Management LLC now owns 55,640 shares of the company’s stock valued at $1,509,000 after buying an additional 1,274 shares in the last quarter.

Capital Group Conservative Equity ETF Price Performance

Shares of CGCV opened at $29.46 on Monday. Capital Group Conservative Equity ETF has a 1-year low of $23.93 and a 1-year high of $29.59. The firm has a market capitalization of $457.34 million and a price-to-earnings ratio of 23.69. The company has a 50-day moving average of $28.32 and a 200 day moving average of $27.46.

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.