Northwestern Mutual Wealth Management Co. Boosts Stake in Capital Group Conservative Equity ETF $CGCV

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 502.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,079,169 shares of the company’s stock after buying an additional 899,949 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group Conservative Equity ETF were worth $32,904,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CGCV. Capital International Investors lifted its holdings in Capital Group Conservative Equity ETF by 15,171.6% during the third quarter. Capital International Investors now owns 9,857,523 shares of the company’s stock worth $296,810,000 after buying an additional 9,792,975 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Capital Group Conservative Equity ETF by 178.8% during the third quarter. Envestnet Asset Management Inc. now owns 1,581,240 shares of the company’s stock worth $47,611,000 after buying an additional 1,014,040 shares during the period. Capital Group Private Client Services Inc. lifted its holdings in Capital Group Conservative Equity ETF by 33.8% during the third quarter. Capital Group Private Client Services Inc. now owns 3,279,603 shares of the company’s stock worth $98,749,000 after buying an additional 828,056 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Capital Group Conservative Equity ETF by 5,529.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 828,462 shares of the company’s stock worth $25,682,000 after buying an additional 813,745 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in Capital Group Conservative Equity ETF by 67.0% during the second quarter. Raymond James Financial Inc. now owns 1,397,337 shares of the company’s stock worth $39,964,000 after buying an additional 560,814 shares during the period.

Capital Group Conservative Equity ETF Stock Down 0.1%

Capital Group Conservative Equity ETF stock opened at $32.20 on Friday. The business has a fifty day moving average of $31.02 and a two-hundred day moving average of $30.92. The firm has a market cap of $1.68 billion, a P/E ratio of 23.69 and a beta of 0.69. Capital Group Conservative Equity ETF has a twelve month low of $27.40 and a twelve month high of $32.31.

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.