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

Commonwealth Equity Services LLC raised its stake in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 25.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 487,599 shares of the company’s stock after purchasing an additional 98,589 shares during the period. Commonwealth Equity Services LLC’s holdings in Capital Group Conservative Equity ETF were worth $14,682,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. acquired a new position in shares of Capital Group Conservative Equity ETF in the 1st quarter valued at $31,000. NewEdge Advisors LLC purchased a new stake in Capital Group Conservative Equity ETF in the first quarter valued at $42,000. Bank of America Corp DE acquired a new position in Capital Group Conservative Equity ETF in the second quarter valued at $47,000. Ameriflex Group Inc. grew its holdings in shares of Capital Group Conservative Equity ETF by 116.9% during the second quarter. Ameriflex Group Inc. now owns 2,377 shares of the company’s stock worth $68,000 after purchasing an additional 1,281 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of Capital Group Conservative Equity ETF during the second quarter worth about $99,000.

Capital Group Conservative Equity ETF Stock Performance

Capital Group Conservative Equity ETF stock opened at $31.06 on Friday. The company has a market capitalization of $1.32 billion, a P/E ratio of 23.69 and a beta of 0.72. Capital Group Conservative Equity ETF has a fifty-two week low of $23.93 and a fifty-two week high of $31.08. The stock has a 50-day simple moving average of $30.40 and a 200-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. Shareholders of record on Friday, December 26th were given a dividend of $0.1383 per share. This represents a $0.55 annualized dividend and a yield of 1.8%. This is a positive change from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, December 26th.

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.