Sittner & Nelson LLC Makes New $114,000 Investment in Capital Group Conservative Equity ETF $CGCV

Sittner & Nelson LLC acquired a new stake in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) in the second quarter, Holdings Channel reports. The fund acquired 4,000 shares of the company’s stock, valued at approximately $114,000.

Other institutional investors also recently modified their holdings of the company. Confluence Wealth Services Inc. lifted its holdings in shares of Capital Group Conservative Equity ETF by 3.5% in the 2nd quarter. Confluence Wealth Services Inc. now owns 14,811 shares of the company’s stock worth $424,000 after purchasing an additional 494 shares in the last quarter. IFP Advisors Inc acquired a new position in Capital Group Conservative Equity ETF during the first quarter worth $25,000. Geneos Wealth Management Inc. bought a new position in shares of Capital Group Conservative Equity ETF in the first quarter valued at $31,000. Ameriflex Group Inc. raised its holdings in shares of Capital Group Conservative Equity ETF by 116.9% in the 2nd quarter. Ameriflex Group Inc. now owns 2,377 shares of the company’s stock worth $68,000 after acquiring an additional 1,281 shares during the last quarter. Finally, Moloney Securities Asset Management LLC lifted its position in Capital Group Conservative Equity ETF by 11.6% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 14,225 shares of the company’s stock valued at $407,000 after acquiring an additional 1,484 shares in the last quarter.

Capital Group Conservative Equity ETF Price Performance

Shares of CGCV stock opened at $30.10 on Friday. Capital Group Conservative Equity ETF has a one year low of $23.93 and a one year high of $30.80. The company has a market cap of $1.03 billion, a P/E ratio of 23.69 and a beta of 0.72. The firm has a 50-day moving average of $30.07 and a 200-day moving average of $28.97.

Capital Group Conservative Equity ETF Cuts Dividend

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

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.