Carson Advisory Inc. Acquires Shares of 278,050 Capital Group Conservative Equity ETF $CGCV

Carson Advisory Inc. acquired a new position in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 278,050 shares of the company’s stock, valued at approximately $8,372,000. Capital Group Conservative Equity ETF makes up approximately 4.5% of Carson Advisory Inc.’s investment portfolio, making the stock its 2nd biggest holding. Carson Advisory Inc. owned approximately 0.81% of Capital Group Conservative Equity ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Assetmark Inc. increased its holdings in shares of Capital Group Conservative Equity ETF by 10,936.4% during the third quarter. Assetmark Inc. now owns 55,182 shares of the company’s stock worth $1,662,000 after buying an additional 54,682 shares in the last quarter. Wedbush Securities Inc. bought a new stake in Capital Group Conservative Equity ETF during the 3rd quarter worth $272,000. Stratos Wealth Partners LTD. acquired a new position in Capital Group Conservative Equity ETF in the 3rd quarter worth about $204,000. Continental Investors Services Inc. acquired a new position in Capital Group Conservative Equity ETF in the 3rd quarter worth about $218,000. Finally, Western Wealth Management LLC bought a new position in Capital Group Conservative Equity ETF in the third quarter valued at about $396,000.

Capital Group Conservative Equity ETF Trading Up 0.3%

NYSEARCA:CGCV opened at $31.66 on Friday. The stock has a market cap of $1.43 billion, a P/E ratio of 23.69 and a beta of 0.72. The stock’s 50-day moving average is $30.93 and its 200-day moving average is $30.23. Capital Group Conservative Equity ETF has a 1-year low of $23.93 and a 1-year high of $31.95.

Capital Group Conservative Equity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a dividend of $0.1383 per share. This represents a $0.55 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, December 26th. This is a boost from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09.

Capital Group Conservative Equity ETF 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.