Capital Group Conservative Equity ETF $CGCV Stock: Confluence Wealth Services Inc. Increases Holdings

Confluence Wealth Services Inc. raised its stake in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 22.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 509,431 shares of the company’s stock after purchasing an additional 93,381 shares during the quarter. Confluence Wealth Services Inc. owned about 0.77% of Capital Group Conservative Equity ETF worth $16,343,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. DMKC Advisory Services LLC boosted its position in Capital Group Conservative Equity ETF by 1,271.2% in the 2nd quarter. DMKC Advisory Services LLC now owns 951,600 shares of the company’s stock valued at $31,232,000 after buying an additional 882,200 shares during the last quarter. Clearstead Trust LLC increased its position in shares of 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. Bank of America Corp DE increased its position in shares of Capital Group Conservative Equity ETF by 63.7% during the first quarter. Bank of America Corp DE now owns 272,958 shares of the company’s stock worth $8,137,000 after acquiring an additional 106,263 shares during the last quarter. Cetera Investment Advisers increased its position 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 worth $26,594,000 after acquiring an additional 99,802 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its position in shares of Capital Group Conservative Equity ETF by 213.9% during the first quarter. Kestra Advisory Services LLC now owns 144,655 shares of the company’s stock worth $4,312,000 after acquiring an additional 98,578 shares during the last quarter.

Capital Group Conservative Equity ETF Stock Performance

NYSEARCA:CGCV opened at $33.69 on Wednesday. Capital Group Conservative Equity ETF has a one year low of $29.26 and a one year high of $34.13. The business’s 50-day simple moving average is $32.90 and its 200 day simple moving average is $32.15. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 23.69 and a beta of 0.62.

Capital Group Conservative Equity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were given a $0.1268 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change 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.