Chevron Sees Surge in Institutional Investment Amid Ongoing Market Volatility
Chevron Corporation (NYSE: CVX) has seen increased investment from various institutional investors in recent quarters, with Capital Financial Group Inc. Co. ADV being one of them.
According to its SEC filing, Capital Financial Group Inc. Co. ADV bought a new position in Chevron's shares during the second quarter, purchasing 13,989 stocks worth approximately $2,319,000.
Chevron accounts for about 1.2% of Capital Financial Group Inc. Co. ADV's portfolio, making it the oil and gas company's 12th largest holding.
In addition to Capital Financial Group Inc. Co. ADV, several other institutional investors have also increased their stakes in Chevron, including Focused Wealth Management Inc., Mitsubishi UFJ Asset Management Co. Ltd., OneDigital Investment Advisors LLC, Plato Investment Management Ltd., and Bell Investment Advisors Inc.