Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Sees Significant Decline in Short Interest

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 156,153 shares, a drop of 38.0% from the August 31st total of 251,702 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 220,572 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Capital Group Conservative Equity ETF

A number of institutional investors have recently made changes to their positions in CGCV. IAG Wealth Partners LLC purchased a new stake in Capital Group Conservative Equity ETF in the 1st quarter worth approximately $37,000. EverSource Wealth Advisors LLC increased its stake in shares of Capital Group Conservative Equity ETF by 26.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,613 shares of the company’s stock valued at $49,000 after buying an additional 338 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Capital Group Conservative Equity ETF by 106.6% during the first quarter. Geneos Wealth Management Inc. now owns 1,884 shares of the company’s stock valued at $56,000 after acquiring an additional 972 shares in the last quarter. Birchwood Financial Partners Inc. bought a new position in shares of Capital Group Conservative Equity ETF during the fourth quarter valued at approximately $206,000. Finally, Aspire Growth Partners LLC purchased a new stake in Capital Group Conservative Equity ETF in the first quarter worth $214,000.

Capital Group Conservative Equity ETF Trading Up 0.7%

NYSEARCA CGCV opened at $32.31 on Friday. The firm has a market cap of $2.05 billion, a PE ratio of 23.69 and a beta of 0.65. Capital Group Conservative Equity ETF has a 1-year low of $29.26 and a 1-year high of $33.97. The stock has a 50-day moving average of $33.05 and a 200-day moving average of $32.15.

Capital Group Conservative Equity ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were given a $0.1268 dividend. The ex-dividend date was Wednesday, September 30th. This is an increase from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.1187. This represents a $0.51 annualized dividend and a yield of 1.6%.

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.