Capital Group Conservative Equity ETF (NYSEARCA:CGCV – Get Free Report) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 303,069 shares, a decrease of 39.5% from the June 15th total of 501,167 shares. Based on an average trading volume of 497,046 shares, the short-interest ratio is currently 0.6 days. Currently, 0.5% of the company’s stock are short sold.
Institutional Investors Weigh In On Capital Group Conservative Equity ETF
Several large investors have recently made changes to their positions in CGCV. Comerica Bank grew its stake in shares of Capital Group Conservative Equity ETF by 156.4% in the third 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. Geneos Wealth Management Inc. bought a new stake in Capital Group Conservative Equity ETF during the fourth quarter worth $28,000. Sunbelt Securities Inc. bought a new stake in Capital Group Conservative Equity ETF during the third quarter worth $30,000. IAG Wealth Partners LLC acquired a new stake in Capital Group Conservative Equity ETF in the first quarter valued at $37,000. Finally, NewEdge Advisors LLC acquired a new stake in Capital Group Conservative Equity ETF in the first quarter valued at $42,000.
Capital Group Conservative Equity ETF Stock Performance
NYSEARCA CGCV traded up $0.11 during trading hours on Thursday, hitting $33.01. 34,764 shares of the company traded hands, compared to its average volume of 341,825. The business’s 50-day moving average is $32.30 and its 200-day moving average is $31.42. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 23.69 and a beta of 0.65. Capital Group Conservative Equity ETF has a twelve month low of $28.62 and a twelve month high of $33.16.
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.
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