Truist Financial Corp Boosts Position in Capital Group Conservative Equity ETF $CGCV

Truist Financial Corp boosted its position in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 1,905.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,550 shares of the company’s stock after purchasing an additional 214,305 shares during the period. Truist Financial Corp owned approximately 0.66% of Capital Group Conservative Equity ETF worth $6,791,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. OneAscent Financial Services LLC acquired a new stake in Capital Group Conservative Equity ETF during the 3rd quarter worth approximately $261,000. Cullen Frost Bankers Inc. raised its holdings in shares of Capital Group Conservative Equity ETF by 74.2% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 25,158 shares of the company’s stock valued at $758,000 after purchasing an additional 10,716 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Capital Group Conservative Equity ETF in the third quarter valued at $986,000. Simplicity Wealth LLC acquired a new position in shares of Capital Group Conservative Equity ETF in the 3rd quarter valued at $321,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Capital Group Conservative Equity ETF in the third quarter valued at about $446,000.

Capital Group Conservative Equity ETF Stock Performance

NYSEARCA:CGCV opened at $31.17 on Tuesday. The stock has a fifty day moving average price of $30.76 and a two-hundred day moving average price of $30.10. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 23.69 and a beta of 0.72. Capital Group Conservative Equity ETF has a 1 year low of $23.93 and a 1 year high of $31.33.

Capital Group Conservative Equity ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a $0.1383 dividend. The ex-dividend date was Friday, December 26th. This represents a $0.55 annualized dividend and a dividend yield of 1.8%. This is a boost from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09.

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.