Gateway Wealth Partners LLC Increases Stock Position in Capital Group Conservative Equity ETF $CGCV

Gateway Wealth Partners LLC grew its holdings in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 326.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,135 shares of the company’s stock after buying an additional 52,156 shares during the period. Gateway Wealth Partners LLC owned 0.13% of Capital Group Conservative Equity ETF worth $2,031,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CGCV. Comerica Bank raised its position in shares of Capital Group Conservative Equity ETF by 156.4% in the 3rd quarter. Comerica Bank now owns 905 shares of the company’s stock worth $27,000 after purchasing an additional 552 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in Capital Group Conservative Equity ETF during the 4th quarter valued at about $28,000. Sunbelt Securities Inc. purchased a new stake in Capital Group Conservative Equity ETF during the 3rd quarter valued at about $30,000. IAG Wealth Partners LLC purchased a new stake in Capital Group Conservative Equity ETF during the 1st quarter valued at about $37,000. Finally, NewEdge Advisors LLC bought a new stake in Capital Group Conservative Equity ETF during the 1st quarter valued at about $42,000.

Capital Group Conservative Equity ETF Stock Performance

Shares of Capital Group Conservative Equity ETF stock opened at $33.27 on Wednesday. The stock has a market capitalization of $1.94 billion, a PE ratio of 23.69 and a beta of 0.65. Capital Group Conservative Equity ETF has a 52-week low of $28.62 and a 52-week high of $33.48. The company has a 50-day simple moving average of $32.53 and a two-hundred day simple moving average of $31.57.

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.