J. Derek Lewis & Associates Inc. Invests $8.48 Million in Capital Group Conservative Equity ETF $CGCV

J. Derek Lewis & Associates Inc. bought a new stake in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 278,205 shares of the company’s stock, valued at approximately $8,483,000. Capital Group Conservative Equity ETF accounts for 2.0% of J. Derek Lewis & Associates Inc.’s portfolio, making the stock its 14th biggest position. J. Derek Lewis & Associates Inc. owned 0.62% of Capital Group Conservative Equity ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in Capital Group Conservative Equity ETF by 26.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,613 shares of the company’s stock worth $49,000 after acquiring an additional 338 shares during the period. Advisory Services Network LLC boosted its holdings in Capital Group Conservative Equity ETF by 1.9% in the 3rd quarter. Advisory Services Network LLC now owns 24,870 shares of the company’s stock valued at $749,000 after purchasing an additional 456 shares during the period. Comerica Bank boosted its holdings in Capital Group Conservative Equity ETF by 156.4% in the 3rd quarter. Comerica Bank now owns 905 shares of the company’s stock valued at $27,000 after purchasing an additional 552 shares during the period. A&I Financial Services LLC grew its position in shares of Capital Group Conservative Equity ETF by 3.7% during the 4th quarter. A&I Financial Services LLC now owns 18,757 shares of the company’s stock worth $572,000 after purchasing an additional 675 shares in the last quarter. Finally, OneAscent Financial Services LLC grew its position in shares of Capital Group Conservative Equity ETF by 9.6% during the 4th quarter. OneAscent Financial Services LLC now owns 9,505 shares of the company’s stock worth $290,000 after purchasing an additional 833 shares in the last quarter.

Capital Group Conservative Equity ETF Stock Performance

Shares of CGCV opened at $32.30 on Friday. Capital Group Conservative Equity ETF has a 12 month low of $27.86 and a 12 month high of $32.62. The firm’s 50 day moving average is $31.71 and its 200-day moving average is $31.13. The stock has a market capitalization of $1.68 billion, a PE ratio of 23.69 and a beta of 0.67.

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.