Clearstead Trust LLC Invests $9.33 Million in Capital Group Conservative Equity ETF $CGCV

Clearstead Trust LLC purchased a new position in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 306,094 shares of the company’s stock, valued at approximately $9,333,000. Capital Group Conservative Equity ETF comprises approximately 1.5% of Clearstead Trust LLC’s holdings, making the stock its 13th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Comerica Bank raised its stake in shares of Capital Group Conservative Equity ETF by 156.4% during the 3rd quarter. Comerica Bank now owns 905 shares of the company’s stock worth $27,000 after buying an additional 552 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Capital Group Conservative Equity ETF during the 4th quarter worth $28,000. Sunbelt Securities Inc. acquired a new position in shares of Capital Group Conservative Equity ETF during the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC acquired a new position in shares of Capital Group Conservative Equity ETF during the 3rd quarter worth $38,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Capital Group Conservative Equity ETF during the 1st quarter worth $42,000.

Capital Group Conservative Equity ETF Stock Performance

Capital Group Conservative Equity ETF stock opened at $32.16 on Monday. The stock has a market cap of $1.68 billion, a PE ratio of 23.69 and a beta of 0.69. The stock has a 50-day moving average price of $30.85 and a 200 day moving average price of $30.85. Capital Group Conservative Equity ETF has a 52 week low of $27.03 and a 52 week high of $32.22.

Capital Group Conservative Equity ETF Company 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.