Osaic Holdings Inc. Raises Stock Position in Capital Group Conservative Equity ETF $CGCV

Osaic Holdings Inc. raised its stake in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 57.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 160,995 shares of the company’s stock after buying an additional 58,646 shares during the quarter. Osaic Holdings Inc.’s holdings in Capital Group Conservative Equity ETF were worth $4,605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CGCV. Confluence Wealth Services Inc. grew its holdings in shares of Capital Group Conservative Equity ETF by 3.5% in the second quarter. Confluence Wealth Services Inc. now owns 14,811 shares of the company’s stock worth $424,000 after acquiring an additional 494 shares during the period. Geneos Wealth Management Inc. purchased a new position in Capital Group Conservative Equity ETF in the first quarter worth about $31,000. Ameriflex Group Inc. boosted its position in Capital Group Conservative Equity ETF by 116.9% in the second quarter. Ameriflex Group Inc. now owns 2,377 shares of the company’s stock worth $68,000 after purchasing an additional 1,281 shares during the last quarter. Moloney Securities Asset Management LLC grew its stake in shares of Capital Group Conservative Equity ETF by 11.6% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 14,225 shares of the company’s stock valued at $407,000 after purchasing an additional 1,484 shares during the period. Finally, NewEdge Advisors LLC purchased a new stake in shares of Capital Group Conservative Equity ETF during the 1st quarter valued at about $42,000.

Capital Group Conservative Equity ETF Stock Up 0.2%

Shares of NYSEARCA:CGCV opened at $30.75 on Wednesday. The stock has a market capitalization of $1.05 billion, a PE ratio of 23.69 and a beta of 0.72. The firm’s 50 day moving average price is $30.28 and its 200-day moving average price is $29.60. Capital Group Conservative Equity ETF has a twelve month low of $23.93 and a twelve month high of $30.81.

Capital Group Conservative Equity ETF Cuts Dividend

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

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.