RM Financial Services LLC Invests $8.60 Million in Capital Group Conservative Equity ETF $CGCV

RM Financial Services LLC acquired a new position in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 281,935 shares of the company’s stock, valued at approximately $8,596,000. Capital Group Conservative Equity ETF accounts for approximately 7.6% of RM Financial Services LLC’s portfolio, making the stock its 3rd largest holding. RM Financial Services LLC owned about 0.62% of Capital Group Conservative Equity ETF at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Comerica Bank increased its position 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 position in shares of Capital Group Conservative Equity ETF in the fourth quarter worth approximately $28,000. Sunbelt Securities Inc. bought a new stake in Capital Group Conservative Equity ETF during the third quarter valued at approximately $30,000. EverSource Wealth Advisors LLC bought a new stake in Capital Group Conservative Equity ETF during the third quarter valued at approximately $38,000. Finally, NewEdge Advisors LLC purchased a new stake in Capital Group Conservative Equity ETF during the first quarter valued at approximately $42,000.

Capital Group Conservative Equity ETF Trading Down 0.8%

CGCV opened at $31.77 on Thursday. The firm’s 50 day simple moving average is $31.39 and its two-hundred day simple moving average is $31.04. The company has a market capitalization of $1.66 billion, a PE ratio of 23.69 and a beta of 0.67. Capital Group Conservative Equity ETF has a 1-year low of $27.86 and a 1-year high of $32.32.

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.