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

Valmark Advisers Inc. raised its stake in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 20.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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. owned about 0.54% of Capital Group Conservative Equity ETF worth $8,368,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of Capital Group Conservative Equity ETF by 1,424.1% in the 1st quarter. Royal Bank of Canada now owns 10,623 shares of the company’s stock worth $288,000 after acquiring an additional 9,926 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Capital Group Conservative Equity ETF during the first quarter valued at about $42,000. Jane Street Group LLC boosted its holdings in Capital Group Conservative Equity ETF by 742.1% during the first quarter. Jane Street Group LLC now owns 71,702 shares of the company’s stock worth $1,944,000 after purchasing an additional 63,187 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in Capital Group Conservative Equity ETF during the first quarter worth about $31,000. Finally, JPMorgan Chase & Co. bought a new stake in Capital Group Conservative Equity ETF in the 2nd quarter worth about $99,000.

Capital Group Conservative Equity ETF Stock Up 0.4%

CGCV stock traded up $0.13 during trading on Friday, reaching $33.09. The stock had a trading volume of 227,483 shares, compared to its average volume of 343,542. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 23.69 and a beta of 0.65. Capital Group Conservative Equity ETF has a one year low of $28.60 and a one year high of $33.16. The company’s 50 day moving average is $32.22 and its two-hundred day moving average is $31.37.

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.