Envestnet Asset Management Inc. Increases Stock Position in Capital Group Conservative Equity ETF $CGCV

Envestnet Asset Management Inc. boosted its holdings in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 178.8% in the 3rd quarter, Holdings Channel reports. The firm owned 1,581,240 shares of the company’s stock after purchasing an additional 1,014,040 shares during the period. Envestnet Asset Management Inc.’s holdings in Capital Group Conservative Equity ETF were worth $47,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of CGCV. Geneos Wealth Management Inc. purchased a new position in Capital Group Conservative Equity ETF during the 1st quarter worth $31,000. NewEdge Advisors LLC acquired a new stake in shares of Capital Group Conservative Equity ETF during the first quarter worth about $42,000. Bank of America Corp DE purchased a new position in shares of Capital Group Conservative Equity ETF during the second quarter worth about $47,000. JPMorgan Chase & Co. acquired a new position in Capital Group Conservative Equity ETF in the 2nd quarter valued at about $99,000. Finally, Sittner & Nelson LLC purchased a new stake in Capital Group Conservative Equity ETF during the 2nd quarter valued at approximately $114,000.

Capital Group Conservative Equity ETF Trading Up 0.2%

Capital Group Conservative Equity ETF stock opened at $31.66 on Tuesday. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 23.69 and a beta of 0.72. The stock has a 50 day moving average of $30.83 and a two-hundred day moving average of $30.18. Capital Group Conservative Equity ETF has a twelve month low of $23.93 and a twelve month high of $31.69.

Capital Group Conservative Equity ETF Increases Dividend

The company 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. This is a positive change from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, December 26th. This represents a $0.55 dividend on an annualized basis and a yield of 1.7%.

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.