Janney Montgomery Scott LLC Raises Holdings in Capital Group Conservative Equity ETF $CGCV

Janney Montgomery Scott LLC grew its position in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 31.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,629 shares of the company’s stock after purchasing an additional 10,345 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Capital Group Conservative Equity ETF were worth $1,248,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc purchased a new position in shares of Capital Group Conservative Equity ETF during the first quarter worth about $25,000. Sunbelt Securities Inc. purchased a new position in shares of Capital Group Conservative Equity ETF during the first quarter worth about $27,000. Geneos Wealth Management Inc. purchased a new position in shares of Capital Group Conservative Equity ETF during the first quarter worth about $31,000. NewEdge Advisors LLC purchased a new position in shares of Capital Group Conservative Equity ETF during the first quarter worth about $42,000. Finally, Private Trust Co. NA purchased a new position in shares of Capital Group Conservative Equity ETF during the first quarter worth about $52,000.

Capital Group Conservative Equity ETF Stock Performance

Shares of CGCV stock opened at $29.60 on Monday. The stock’s 50-day moving average is $29.65 and its two-hundred day moving average is $28.27. The firm has a market cap of $947.20 million and a price-to-earnings ratio of 23.69. Capital Group Conservative Equity ETF has a 1 year low of $23.93 and a 1 year high of $30.43.

Capital Group Conservative Equity ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.0894 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.36 annualized dividend and a dividend yield of 1.2%.

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.