Capital Group Conservative Equity ETF $CGCV Stock Holdings Decreased by DMKC Advisory Services LLC

DMKC Advisory Services LLC decreased its position in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 27.9% during the third quarter, Holdings Channel reports. The institutional investor owned 686,386 shares of the company’s stock after selling 265,214 shares during the period. Capital Group Conservative Equity ETF makes up approximately 5.3% of DMKC Advisory Services LLC’s investment portfolio, making the stock its 5th biggest position. DMKC Advisory Services LLC’s holdings in Capital Group Conservative Equity ETF were worth $22,019,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Clearstead Trust LLC increased its stake in Capital Group Conservative Equity ETF by 67.8% in the 1st quarter. Clearstead Trust LLC now owns 513,754 shares of the company’s stock worth $15,315,000 after buying an additional 207,660 shares in the last quarter. BlueChip Wealth Advisors LLC raised its holdings in Capital Group Conservative Equity ETF by 310.1% during the first quarter. BlueChip Wealth Advisors LLC now owns 78,955 shares of the company’s stock valued at $2,354,000 after acquiring an additional 59,701 shares during the period. Ameritas Advisory Services LLC bought a new stake in Capital Group Conservative Equity ETF during the second quarter valued at about $640,000. Canandaigua National Trust Co of Florida bought a new stake in Capital Group Conservative Equity ETF during the third quarter valued at about $1,473,000. Finally, Envision Financial Planning LLC lifted its position in shares of Capital Group Conservative Equity ETF by 4.1% in the first quarter. Envision Financial Planning LLC now owns 628,948 shares of the company’s stock valued at $18,749,000 after acquiring an additional 24,819 shares in the last quarter.

Capital Group Conservative Equity ETF Stock Up 2.1%

NYSEARCA CGCV opened at $33.56 on Tuesday. The business has a 50-day moving average price of $32.89 and a 200-day moving average price of $32.14. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 23.69 and a beta of 0.62. Capital Group Conservative Equity ETF has a twelve month low of $29.26 and a twelve month high of $34.13.

Capital Group Conservative Equity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a $0.1268 dividend. This represents a $0.51 annualized dividend and a dividend yield of 1.5%. This is a boost from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.1187. The ex-dividend date of this dividend was Wednesday, 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.