Northwestern Mutual Wealth Management Co. Grows Position in Capital Group Conservative Equity ETF $CGCV

Northwestern Mutual Wealth Management Co. raised its holdings in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 279.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 680,465 shares of the company’s stock after acquiring an additional 501,245 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group Conservative Equity ETF were worth $20,747,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CGCV. Comerica Bank raised its holdings 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 valued at $27,000 after acquiring an additional 552 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Capital Group Conservative Equity ETF in the 4th quarter valued at about $28,000. Sunbelt Securities Inc. purchased a new stake in shares of Capital Group Conservative Equity ETF in the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC bought a new position in shares of Capital Group Conservative Equity ETF during the 3rd quarter valued at about $38,000. Finally, NewEdge Advisors LLC bought a new position in shares of Capital Group Conservative Equity ETF during the 1st quarter valued at about $42,000.

Capital Group Conservative Equity ETF Trading Down 0.5%

Shares of Capital Group Conservative Equity ETF stock opened at $31.69 on Wednesday. The firm has a market capitalization of $1.65 billion, a PE ratio of 23.69 and a beta of 0.69. The business’s 50-day moving average price is $30.79 and its 200-day moving average price is $30.81. Capital Group Conservative Equity ETF has a 12 month low of $27.03 and a 12 month high of $32.06.

Capital Group Conservative Equity ETF 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.