Capital Group Conservative Equity ETF $CGCV Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. increased its stake in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 55.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,875 shares of the company’s stock after acquiring an additional 6,340 shares during the quarter. D.A. Davidson & CO. owned approximately 0.12% of Capital Group Conservative Equity ETF worth $511,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CGCV. Private Trust Co. NA acquired a new position in shares of Capital Group Conservative Equity ETF in the 1st quarter worth $52,000. Lodestone Wealth Management LLC acquired a new position in shares of Capital Group Conservative Equity ETF in the 1st quarter worth $263,000. World Investment Advisors grew its holdings in shares of Capital Group Conservative Equity ETF by 35.5% in the 1st quarter. World Investment Advisors now owns 26,943 shares of the company’s stock worth $731,000 after acquiring an additional 7,058 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Capital Group Conservative Equity ETF by 1,630.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 342,520 shares of the company’s stock worth $9,287,000 after acquiring an additional 322,732 shares during the last quarter. Finally, Synergy Investment Management LLC grew its holdings in shares of Capital Group Conservative Equity ETF by 423.6% during the first quarter. Synergy Investment Management LLC now owns 18,850 shares of the company’s stock valued at $511,000 after buying an additional 15,250 shares in the last quarter.

Capital Group Conservative Equity ETF Trading Down 0.7%

Shares of CGCV stock opened at $30.42 on Thursday. Capital Group Conservative Equity ETF has a 1-year low of $23.93 and a 1-year high of $30.80. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 23.69 and a beta of 0.72. The stock’s fifty day simple moving average is $29.93 and its 200-day simple moving average is $28.67.

Capital Group Conservative Equity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.0894 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.2%.

Capital Group Conservative Equity ETF 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.