Capital Group Conservative Equity ETF (NYSEARCA:CGCV – Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 82,284 shares, an increase of 68.2% from the May 14th total of 48,918 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 269,366 shares, the days-to-cover ratio is currently 0.3 days.
Capital Group Conservative Equity ETF Stock Up 0.4%
Shares of CGCV stock traded up $0.12 on Monday, reaching $32.47. The company’s stock had a trading volume of 276,956 shares, compared to its average volume of 324,132. The company has a market capitalization of $1.69 billion, a P/E ratio of 23.69 and a beta of 0.67. Capital Group Conservative Equity ETF has a 12-month low of $27.86 and a 12-month high of $32.62. The stock’s 50 day simple moving average is $31.48 and its 200-day simple moving average is $31.08.
Institutional Trading of Capital Group Conservative Equity ETF
Institutional investors and hedge funds have recently modified their holdings of the business. Capital International Investors grew its holdings in shares of Capital Group Conservative Equity ETF by 0.7% during the fourth quarter. Capital International Investors now owns 9,928,478 shares of the company’s stock worth $302,719,000 after purchasing an additional 70,955 shares in the last quarter. LPL Financial LLC raised its stake in Capital Group Conservative Equity ETF by 53.9% in the fourth 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 in the last quarter. Capital Group Private Client Services Inc. raised its stake in Capital Group Conservative Equity ETF by 13.8% in the fourth quarter. Capital Group Private Client Services Inc. now owns 3,732,528 shares of the company’s stock valued at $113,805,000 after purchasing an additional 452,925 shares in the last quarter. Raymond James Financial Inc. lifted its position in Capital Group Conservative Equity ETF by 36.7% during the third quarter. Raymond James Financial Inc. now owns 1,909,889 shares of the company’s stock valued at $57,507,000 after purchasing an additional 512,552 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake 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 in the last quarter.
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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