KWB Wealth Makes New $528,000 Investment in Capital Group Conservative Equity ETF $CGCV

KWB Wealth bought a new position in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 17,329 shares of the company’s stock, valued at approximately $528,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Comerica Bank lifted its stake 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 buying an additional 552 shares in the last quarter. Sunbelt Securities Inc. bought a new position in Capital Group Conservative Equity ETF in the 3rd quarter worth approximately $30,000. Geneos Wealth Management Inc. purchased a new position in Capital Group Conservative Equity ETF in the 1st quarter valued at approximately $31,000. EverSource Wealth Advisors LLC purchased a new position in Capital Group Conservative Equity ETF in the 3rd quarter valued at approximately $38,000. Finally, NewEdge Advisors LLC bought a new stake in Capital Group Conservative Equity ETF during the 1st quarter valued at $42,000.

Capital Group Conservative Equity ETF Price Performance

NYSEARCA:CGCV opened at $29.94 on Tuesday. The company has a market cap of $1.35 billion, a P/E ratio of 23.69 and a beta of 0.72. The stock’s fifty day moving average price is $31.17 and its two-hundred day moving average price is $30.58. Capital Group Conservative Equity ETF has a 1 year low of $23.93 and a 1 year high of $31.96.

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.