J. Derek Lewis & Associates Inc. Purchases 59,506 Shares of Capital Group Conservative Equity ETF $CGCV

J. Derek Lewis & Associates Inc. raised its position in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 18.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 387,120 shares of the company’s stock after purchasing an additional 59,506 shares during the period. Capital Group Conservative Equity ETF comprises about 2.2% of J. Derek Lewis & Associates Inc.’s investment portfolio, making the stock its 13th largest position. J. Derek Lewis & Associates Inc.’s holdings in Capital Group Conservative Equity ETF were worth $12,419,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. DMKC Advisory Services LLC grew its holdings in shares of Capital Group Conservative Equity ETF by 1,271.2% during the second quarter. DMKC Advisory Services LLC now owns 951,600 shares of the company’s stock worth $31,232,000 after buying an additional 882,200 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Capital Group Conservative Equity ETF by 12.6% during the first quarter. Cetera Investment Advisers now owns 892,128 shares of the company’s stock valued at $26,594,000 after buying an additional 99,802 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Capital Group Conservative Equity ETF by 2.1% during the third quarter. Commonwealth Equity Services LLC now owns 651,472 shares of the company’s stock valued at $20,899,000 after buying an additional 13,149 shares during the period. Envision Financial Planning LLC lifted its stake in shares of Capital Group Conservative Equity ETF by 4.1% during the first quarter. Envision Financial Planning LLC now owns 628,948 shares of the company’s stock valued at $18,749,000 after buying an additional 24,819 shares during the period. Finally, Clearstead Trust LLC boosted its position in Capital Group Conservative Equity ETF by 67.8% during the first quarter. Clearstead Trust LLC now owns 513,754 shares of the company’s stock worth $15,315,000 after acquiring an additional 207,660 shares during the last quarter.

Capital Group Conservative Equity ETF Stock Performance

Shares of NYSEARCA CGCV opened at $32.86 on Friday. Capital Group Conservative Equity ETF has a 1 year low of $29.26 and a 1 year high of $34.13. The firm’s 50 day moving average price is $32.89 and its 200 day moving average price is $32.13. The firm has a market cap of $2.34 billion, a P/E ratio of 23.69 and a beta of 0.62.

Capital Group Conservative Equity ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.1268 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.1187.

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.