Founders Financial Securities LLC Has $2.95 Million Stake in Capital Group Conservative Equity ETF $CGCV

Founders Financial Securities LLC raised its stake in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 28.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,431 shares of the company’s stock after acquiring an additional 20,972 shares during the period. Founders Financial Securities LLC owned about 0.19% of Capital Group Conservative Equity ETF worth $2,952,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CGCV. Comerica Bank boosted its stake in shares of 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 in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Capital Group Conservative Equity ETF during the 4th quarter worth about $28,000. Sunbelt Securities Inc. acquired a new stake in shares of Capital Group Conservative Equity ETF during the 3rd quarter worth about $30,000. EverSource Wealth Advisors LLC bought a new position in Capital Group Conservative Equity ETF during the 3rd quarter valued at about $38,000. Finally, NewEdge Advisors LLC bought a new position in Capital Group Conservative Equity ETF during the 1st quarter valued at about $42,000.

Capital Group Conservative Equity ETF Price Performance

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

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.