Tribridge Partners Financial LLC Buys 150,739 Shares of Capital Group Conservative Equity ETF $CGCV

Tribridge Partners Financial LLC raised its stake in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 27.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 693,964 shares of the company’s stock after purchasing an additional 150,739 shares during the quarter. Capital Group Conservative Equity ETF accounts for about 9.6% of Tribridge Partners Financial LLC’s investment portfolio, making the stock its 3rd biggest position. Tribridge Partners Financial LLC owned about 2.14% of Capital Group Conservative Equity ETF worth $20,958,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new stake in Capital Group Conservative Equity ETF during the first quarter worth about $31,000. NewEdge Advisors LLC bought a new stake in shares of Capital Group Conservative Equity ETF in the 1st quarter worth approximately $42,000. Bank of America Corp DE acquired a new stake in shares of Capital Group Conservative Equity ETF during the 2nd quarter worth approximately $47,000. Ameriflex Group Inc. grew its holdings in shares of Capital Group Conservative Equity ETF by 116.9% during the 2nd quarter. Ameriflex Group Inc. now owns 2,377 shares of the company’s stock worth $68,000 after purchasing an additional 1,281 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Capital Group Conservative Equity ETF during the second quarter valued at approximately $99,000.

Capital Group Conservative Equity ETF Trading Up 0.7%

Shares of NYSEARCA CGCV opened at $31.00 on Wednesday. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 23.69 and a beta of 0.72. Capital Group Conservative Equity ETF has a one year low of $23.93 and a one year high of $31.01. The business has a fifty day simple moving average of $30.36 and a 200 day simple moving average of $29.79.

Capital Group Conservative Equity ETF Increases Dividend

The firm also recently announced 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 is an increase from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, December 26th. This represents a $0.55 annualized dividend and a dividend yield of 1.8%.

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.