Commonwealth Equity Services LLC Boosts Stock Position in Capital Group Conservative Equity ETF $CGCV

Commonwealth Equity Services LLC boosted its position in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 25.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 487,599 shares of the company’s stock after purchasing an additional 98,589 shares during the quarter. Commonwealth Equity Services LLC owned about 1.50% of Capital Group Conservative Equity ETF worth $14,682,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. lifted its stake in Capital Group Conservative Equity ETF by 67.0% during the 2nd quarter. Raymond James Financial Inc. now owns 1,397,337 shares of the company’s stock valued at $39,964,000 after acquiring an additional 560,814 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Capital Group Conservative Equity ETF by 65.6% during the second quarter. Envestnet Asset Management Inc. now owns 567,200 shares of the company’s stock valued at $16,222,000 after purchasing an additional 224,680 shares during the last quarter. Tribridge Partners Financial LLC purchased a new position in shares of Capital Group Conservative Equity ETF during the second quarter valued at approximately $15,536,000. ST Germain D J Co. Inc. lifted its position in Capital Group Conservative Equity ETF by 6.4% during the third quarter. ST Germain D J Co. Inc. now owns 383,707 shares of the company’s stock valued at $11,553,000 after purchasing an additional 23,092 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its holdings in Capital Group Conservative Equity ETF by 7.3% in the second quarter. Atria Wealth Solutions Inc. now owns 255,585 shares of the company’s stock worth $7,338,000 after purchasing an additional 17,420 shares during the last quarter.

Capital Group Conservative Equity ETF Trading Up 0.9%

NYSEARCA:CGCV opened at $31.06 on Friday. Capital Group Conservative Equity ETF has a 12 month low of $23.93 and a 12 month high of $31.08. The company has a market cap of $1.32 billion, a PE ratio of 23.69 and a beta of 0.72. The company has a 50 day simple moving average of $30.40 and a two-hundred day simple moving average of $29.83.

Capital Group Conservative Equity ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.1383 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, December 26th. This is a positive change from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09.

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.