Capital Group Private Client Services Inc. Boosts Holdings in Capital Group Conservative Equity ETF $CGCV

Capital Group Private Client Services Inc. increased its position in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 33.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,279,603 shares of the company’s stock after purchasing an additional 828,056 shares during the period. Capital Group Conservative Equity ETF makes up approximately 1.7% of Capital Group Private Client Services Inc.’s holdings, making the stock its 11th biggest position. Capital Group Private Client Services Inc. owned 9.56% of Capital Group Conservative Equity ETF worth $98,749,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Regatta Capital Group LLC raised its holdings in Capital Group Conservative Equity ETF by 43.5% in the 3rd quarter. Regatta Capital Group LLC now owns 93,651 shares of the company’s stock worth $2,820,000 after acquiring an additional 28,373 shares during the last quarter. Continuum Advisory LLC purchased a new stake in Capital Group Conservative Equity ETF during the 3rd quarter valued at $526,000. Commonwealth Equity Services LLC increased its holdings in shares of Capital Group Conservative Equity ETF by 25.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 487,599 shares of the company’s stock worth $14,682,000 after purchasing an additional 98,589 shares in the last quarter. Apollon Wealth Management LLC raised its stake in shares of Capital Group Conservative Equity ETF by 534.7% in the third quarter. Apollon Wealth Management LLC now owns 96,839 shares of the company’s stock worth $2,916,000 after purchasing an additional 81,581 shares during the last quarter. Finally, CWS Financial Advisors LLC lifted its holdings in shares of Capital Group Conservative Equity ETF by 14.8% during the second quarter. CWS Financial Advisors LLC now owns 48,080 shares of the company’s stock valued at $1,375,000 after purchasing an additional 6,214 shares in the last quarter.

Capital Group Conservative Equity ETF Stock Performance

NYSEARCA CGCV opened at $31.07 on Tuesday. Capital Group Conservative Equity ETF has a one year low of $23.93 and a one year high of $31.96. The stock has a 50-day moving average of $31.25 and a 200 day moving average of $30.52. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 23.69 and a beta of 0.72.

Capital Group Conservative Equity ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a dividend of $0.1383 per share. 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. This represents a $0.55 annualized dividend and a dividend yield of 1.8%.

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.