Raymond James Financial Inc. Invests $20.95 Million in Capital Group Conservative Equity ETF (NYSEARCA:CGCV)

Raymond James Financial Inc. acquired a new position in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 789,302 shares of the company’s stock, valued at approximately $20,948,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Synergy Investment Management LLC acquired a new position in shares of Capital Group Conservative Equity ETF in the 4th quarter worth $96,000. World Investment Advisors LLC acquired a new position in shares of Capital Group Conservative Equity ETF in the 3rd quarter worth $207,000. Captrust Financial Advisors acquired a new position in shares of Capital Group Conservative Equity ETF in the 3rd quarter worth $232,000. A&I Financial Services LLC acquired a new position in shares of Capital Group Conservative Equity ETF in the 4th quarter worth $239,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Capital Group Conservative Equity ETF in the 4th quarter worth $247,000.

Capital Group Conservative Equity ETF Trading Up 1.4 %

Shares of CGCV stock opened at $26.98 on Monday. Capital Group Conservative Equity ETF has a 1-year low of $24.82 and a 1-year high of $28.28. The company has a market capitalization of $263.32 million and a price-to-earnings ratio of 25.30. The stock’s fifty day simple moving average is $27.46 and its 200-day simple moving average is $27.26.

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.