Envestnet Portfolio Solutions Inc. Invests $986,000 in Capital Group Conservative Equity ETF $CGCV

Envestnet Portfolio Solutions Inc. acquired a new position in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 32,753 shares of the company’s stock, valued at approximately $986,000. Envestnet Portfolio Solutions Inc. owned 0.10% of Capital Group Conservative Equity ETF at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. raised its holdings 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 worth $39,964,000 after purchasing an additional 560,814 shares during the last quarter. Tribridge Partners Financial LLC raised its stake in Capital Group Conservative Equity ETF by 27.7% during the third quarter. Tribridge Partners Financial LLC now owns 693,964 shares of the company’s stock worth $20,958,000 after buying an additional 150,739 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Capital Group Conservative Equity ETF by 65.6% in the second quarter. Envestnet Asset Management Inc. now owns 567,200 shares of the company’s stock valued at $16,222,000 after buying an additional 224,680 shares during the period. Commonwealth Equity Services LLC boosted its position in Capital Group Conservative Equity ETF by 25.3% during the third quarter. Commonwealth Equity Services LLC now owns 487,599 shares of the company’s stock valued at $14,682,000 after acquiring an additional 98,589 shares during the last quarter. Finally, ST Germain D J Co. Inc. grew its holdings in Capital Group Conservative Equity ETF by 6.4% during the 3rd quarter. ST Germain D J Co. Inc. now owns 383,707 shares of the company’s stock worth $11,553,000 after acquiring an additional 23,092 shares during the period.

Capital Group Conservative Equity ETF Trading Down 0.4%

CGCV stock opened at $31.08 on Thursday. The firm has a market cap of $1.35 billion, a PE ratio of 23.69 and a beta of 0.72. The stock has a 50-day moving average price of $30.68 and a 200-day moving average price of $30.04. Capital Group Conservative Equity ETF has a 1-year low of $23.93 and a 1-year high of $31.33.

Capital Group Conservative Equity ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued 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 was Friday, December 26th. This is a positive change from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09.

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.