Brookstone Capital Management Sells 48,041 Shares of Capital Group Conservative Equity ETF $CGCV

Brookstone Capital Management reduced its stake in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 86.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 7,357 shares of the company’s stock after selling 48,041 shares during the period. Brookstone Capital Management’s holdings in Capital Group Conservative Equity ETF were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CGCV. Comerica Bank boosted its holdings in shares of Capital Group Conservative Equity ETF by 156.4% during the 3rd quarter. Comerica Bank now owns 905 shares of the company’s stock worth $27,000 after buying an additional 552 shares during the period. Geneos Wealth Management Inc. bought a new position in Capital Group Conservative Equity ETF in the 4th quarter valued at about $28,000. Sunbelt Securities Inc. acquired a new stake in Capital Group Conservative Equity ETF during the third quarter worth approximately $30,000. EverSource Wealth Advisors LLC acquired a new stake in Capital Group Conservative Equity ETF during the third quarter worth approximately $38,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Capital Group Conservative Equity ETF during the first quarter worth approximately $42,000.

Capital Group Conservative Equity ETF Trading Up 1.0%

Capital Group Conservative Equity ETF stock opened at $32.92 on Tuesday. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 23.69 and a beta of 0.67. Capital Group Conservative Equity ETF has a 12 month low of $28.47 and a 12 month high of $32.93. The stock’s 50 day moving average is $31.89 and its 200-day moving average is $31.22.

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.