Capital Group Conservative Equity ETF $CGCV Shares Bought by Confluence Wealth Services Inc.

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

Other institutional investors and hedge funds have also made changes to their positions in the company. J. Derek Lewis & Associates Inc. lifted its holdings in shares of Capital Group Conservative Equity ETF by 18.2% in the 3rd quarter. J. Derek Lewis & Associates Inc. now owns 387,120 shares of the company’s stock worth $12,419,000 after purchasing an additional 59,506 shares during the last quarter. Kestra Advisory Services LLC boosted its position in Capital Group Conservative Equity ETF by 22.5% during the 3rd quarter. Kestra Advisory Services LLC now owns 206,233 shares of the company’s stock valued at $6,616,000 after purchasing an additional 37,870 shares during the period. Commonwealth Equity Services LLC boosted its position in Capital Group Conservative Equity ETF by 2.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 651,472 shares of the company’s stock valued at $20,899,000 after purchasing an additional 13,149 shares during the period. Signature Equity Partners LLC acquired a new position in Capital Group Conservative Equity ETF during the 3rd quarter valued at approximately $68,000. Finally, Greenleaf Trust bought a new position in Capital Group Conservative Equity ETF during the 3rd quarter worth $351,000.

Capital Group Conservative Equity ETF Price Performance

Shares of CGCV opened at $33.69 on Wednesday. Capital Group Conservative Equity ETF has a 12 month low of $29.26 and a 12 month high of $34.13. The stock has a fifty day moving average price of $32.90 and a 200 day moving average price of $32.15. The company has a market cap of $2.40 billion, a P/E ratio of 23.69 and a beta of 0.62.

Capital Group Conservative Equity ETF Increases Dividend

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

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.