Kestra Advisory Services LLC Buys 37,870 Shares of Capital Group Conservative Equity ETF $CGCV

Kestra Advisory Services LLC boosted its stake in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 22.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 206,233 shares of the company’s stock after purchasing an additional 37,870 shares during the quarter. Kestra Advisory Services LLC owned about 0.31% of Capital Group Conservative Equity ETF worth $6,616,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CGCV. DMKC Advisory Services LLC boosted its holdings in 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 during the last quarter. Cetera Investment Advisers grew its position in shares of Capital Group Conservative Equity ETF by 12.6% during the 1st quarter. Cetera Investment Advisers now owns 892,128 shares of the company’s stock worth $26,594,000 after buying an additional 99,802 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Capital Group Conservative Equity ETF by 2.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 651,472 shares of the company’s stock valued at $20,899,000 after acquiring an additional 13,149 shares during the last quarter. Envision Financial Planning LLC increased its stake in shares of Capital Group Conservative Equity ETF by 4.1% in the 1st quarter. Envision Financial Planning LLC now owns 628,948 shares of the company’s stock valued at $18,749,000 after acquiring an additional 24,819 shares during the last quarter. Finally, Clearstead Trust LLC increased its stake in shares of Capital Group Conservative Equity ETF by 67.8% in the 1st quarter. Clearstead Trust LLC now owns 513,754 shares of the company’s stock valued at $15,315,000 after acquiring an additional 207,660 shares during the last quarter.

Capital Group Conservative Equity ETF Price Performance

Capital Group Conservative Equity ETF stock opened at $33.89 on Thursday. The company’s 50 day simple moving average is $32.92 and its 200 day simple moving average is $32.17. Capital Group Conservative Equity ETF has a fifty-two week low of $29.26 and a fifty-two week high of $34.13. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 23.69 and a beta of 0.62.

Capital Group Conservative Equity ETF Increases Dividend

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