Pines Wealth Management LLC Raises Stock Position in Capital Group Conservative Equity ETF (NYSEARCA:CGCV)

Pines Wealth Management LLC lifted its holdings in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 2.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,640 shares of the company’s stock after buying an additional 1,274 shares during the period. Pines Wealth Management LLC’s holdings in Capital Group Conservative Equity ETF were worth $1,509,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CGCV. Raymond James Financial Inc. purchased a new position in Capital Group Conservative Equity ETF in the fourth quarter worth about $20,948,000. Capital Group Private Client Services Inc. lifted its stake in shares of Capital Group Conservative Equity ETF by 96.0% in the 4th quarter. Capital Group Private Client Services Inc. now owns 1,274,293 shares of the company’s stock valued at $33,820,000 after purchasing an additional 624,148 shares during the last quarter. ST Germain D J Co. Inc. boosted its holdings in shares of Capital Group Conservative Equity ETF by 51.0% in the 1st quarter. ST Germain D J Co. Inc. now owns 430,736 shares of the company’s stock worth $11,679,000 after purchasing an additional 145,387 shares during the period. LPL Financial LLC purchased a new position in shares of Capital Group Conservative Equity ETF in the 4th quarter worth approximately $2,569,000. Finally, Midwest Heritage Bank FSB bought a new position in shares of Capital Group Conservative Equity ETF during the 4th quarter valued at approximately $1,440,000.

Capital Group Conservative Equity ETF Stock Up 0.5%

CGCV stock opened at $28.04 on Friday. Capital Group Conservative Equity ETF has a twelve month low of $23.93 and a twelve month high of $28.28. The stock has a market capitalization of $361.16 million and a price-to-earnings ratio of 24.09. The firm’s fifty day simple moving average is $26.63 and its two-hundred day simple moving average is $27.09.

Capital Group Conservative Equity ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 31st were given a dividend of $0.1007 per share. The ex-dividend date of this dividend was Monday, March 31st.

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.