RM Financial Services LLC Purchases Shares of 281,935 Capital Group Conservative Equity ETF $CGCV

RM Financial Services LLC purchased a new position in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 281,935 shares of the company’s stock, valued at approximately $8,596,000. Capital Group Conservative Equity ETF accounts for 7.6% of RM Financial Services LLC’s investment portfolio, making the stock its 3rd biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Comerica Bank boosted its holdings 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 valued at $27,000 after purchasing an additional 552 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Capital Group Conservative Equity ETF in the fourth quarter valued at $28,000. Sunbelt Securities Inc. bought a new stake in Capital Group Conservative Equity ETF in the third quarter worth about $30,000. EverSource Wealth Advisors LLC purchased a new position in shares of Capital Group Conservative Equity ETF during the third quarter valued at approximately $38,000. Finally, NewEdge Advisors LLC bought a new position in shares of Capital Group Conservative Equity ETF during the first quarter valued at approximately $42,000.

Capital Group Conservative Equity ETF Stock Performance

Shares of CGCV stock opened at $31.77 on Thursday. The stock has a 50 day moving average price of $31.39 and a 200 day moving average price of $31.04. Capital Group Conservative Equity ETF has a 52-week low of $27.86 and a 52-week high of $32.32. The firm has a market capitalization of $1.66 billion, a P/E 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.