Capital Group Conservative Equity ETF (NYSEARCA:CGCV – Get Free Report) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 143,756 shares, a decline of 52.6% from the June 30th total of 303,069 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 418,774 shares, the short-interest ratio is presently 0.3 days.
Capital Group Conservative Equity ETF Stock Down 1.0%
Shares of CGCV traded down $0.32 during mid-day trading on Wednesday, hitting $32.95. 343,057 shares of the company’s stock were exchanged, compared to its average volume of 338,480. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 23.69 and a beta of 0.65. The firm has a fifty day moving average of $32.55 and a two-hundred day moving average of $31.58. Capital Group Conservative Equity ETF has a twelve month low of $28.62 and a twelve month high of $33.48.
Hedge Funds Weigh In On Capital Group Conservative Equity ETF
Hedge funds have recently bought and sold shares of the business. LPL Financial LLC boosted its stake in Capital Group Conservative Equity ETF by 53.9% during the 4th quarter. LPL Financial LLC now owns 3,942,987 shares of the company’s stock valued at $120,222,000 after purchasing an additional 1,380,934 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Capital Group Conservative Equity ETF by 502.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,079,169 shares of the company’s stock worth $32,904,000 after buying an additional 899,949 shares during the period. DMKC Advisory Services LLC lifted its holdings in shares of Capital Group Conservative Equity ETF by 1,271.2% during the second quarter. DMKC Advisory Services LLC now owns 951,600 shares of the company’s stock worth $31,232,000 after buying an additional 882,200 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of 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 last quarter. Finally, Envision Financial Planning LLC boosted its position in shares of Capital Group Conservative Equity ETF by 326.3% in the fourth quarter. Envision Financial Planning LLC now owns 604,129 shares of the company’s stock valued at $18,420,000 after acquiring an additional 462,425 shares during the period.
Capital Group Conservative Equity ETF Company 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.
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