World Investment Advisors Lowers Stock Holdings in Capital Group Conservative Equity ETF $CGCV

World Investment Advisors decreased its position in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 66.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,101 shares of the company’s stock after selling 17,842 shares during the quarter. World Investment Advisors owned approximately 0.06% of Capital Group Conservative Equity ETF worth $260,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CGCV. Jones Financial Companies Lllp purchased a new position in shares of Capital Group Conservative Equity ETF during the 1st quarter valued at $47,420,000. Envestnet Asset Management Inc. lifted its stake in shares of Capital Group Conservative Equity ETF by 1,630.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 342,520 shares of the company’s stock valued at $9,287,000 after buying an additional 322,732 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Capital Group Conservative Equity ETF by 299.6% during the 1st quarter. LPL Financial LLC now owns 386,835 shares of the company’s stock valued at $10,489,000 after buying an additional 290,026 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in shares of Capital Group Conservative Equity ETF by 912.7% during the 1st quarter. Atria Wealth Solutions Inc. now owns 238,165 shares of the company’s stock valued at $6,482,000 after buying an additional 214,647 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Capital Group Conservative Equity ETF by 1,287.7% during the 1st quarter. Cetera Investment Advisers now owns 155,245 shares of the company’s stock valued at $4,209,000 after buying an additional 144,058 shares in the last quarter.

Capital Group Conservative Equity ETF Stock Performance

CGCV opened at $29.77 on Wednesday. Capital Group Conservative Equity ETF has a fifty-two week low of $23.93 and a fifty-two week high of $30.80. The firm’s fifty day moving average is $29.97 and its 200 day moving average is $28.80. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 23.69 and a beta of 0.72.

Capital Group Conservative Equity ETF Cuts Dividend

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

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.