Valmark Advisers Inc. Boosts Position in Capital Group Conservative Equity ETF $CGCV

Valmark Advisers Inc. grew its stake in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 20.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 280,706 shares of the company’s stock after acquiring an additional 46,735 shares during the period. Valmark Advisers Inc.’s holdings in Capital Group Conservative Equity ETF were worth $8,368,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brookstone Capital Management increased its holdings in shares of Capital Group Conservative Equity ETF by 98.8% in the fourth quarter. Brookstone Capital Management now owns 55,398 shares of the company’s stock worth $1,689,000 after purchasing an additional 27,534 shares during the period. Regatta Capital Group LLC boosted its stake in Capital Group Conservative Equity ETF by 19.1% during the fourth quarter. Regatta Capital Group LLC now owns 111,520 shares of the company’s stock valued at $3,400,000 after buying an additional 17,869 shares during the period. Tribridge Partners Financial LLC grew its position in Capital Group Conservative Equity ETF by 9.2% during the fourth quarter. Tribridge Partners Financial LLC now owns 757,961 shares of the company’s stock worth $23,110,000 after buying an additional 63,997 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Capital Group Conservative Equity ETF by 5,529.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 828,462 shares of the company’s stock worth $25,682,000 after buying an additional 813,745 shares in the last quarter. Finally, Confluence Wealth Services Inc. increased its stake in Capital Group Conservative Equity ETF by 1,678.5% in the 4th quarter. Confluence Wealth Services Inc. now owns 267,062 shares of the company’s stock worth $8,143,000 after acquiring an additional 252,046 shares during the last quarter.

Capital Group Conservative Equity ETF Price Performance

Shares of NYSEARCA:CGCV traded up $0.13 on Friday, hitting $33.09. The company’s stock had a trading volume of 227,483 shares, compared to its average volume of 343,542. The company has a 50-day simple moving average of $32.22 and a 200 day simple moving average of $31.37. Capital Group Conservative Equity ETF has a 1 year low of $28.60 and a 1 year high of $33.16. The company has a market capitalization of $1.90 billion, a PE ratio of 23.69 and a beta of 0.65.

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.