45,908 Shares in Capital Group Conservative Equity ETF $CGCV Acquired by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida acquired a new position in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) during the third quarter, HoldingsChannel reports. The institutional investor acquired 45,908 shares of the company’s stock, valued at approximately $1,473,000. Capital Group Conservative Equity ETF comprises about 0.8% of Canandaigua National Trust Co of Florida’s portfolio, making the stock its 26th biggest position.

Other hedge funds have also modified their holdings of the company. Midwest Heritage Bank FSB boosted its position in shares of Capital Group Conservative Equity ETF by 54.8% during the 1st quarter. Midwest Heritage Bank FSB now owns 221,670 shares of the company’s stock valued at $6,608,000 after acquiring an additional 78,458 shares during the last quarter. RM Financial Services LLC bought a new stake in Capital Group Conservative Equity ETF in the fourth quarter worth $8,596,000. Valmark Advisers Inc. raised its stake in Capital Group Conservative Equity ETF by 20.0% during the first quarter. Valmark Advisers Inc. now owns 280,706 shares of the company’s stock valued at $8,368,000 after purchasing an additional 46,735 shares in the last quarter. Clearstead Trust LLC raised its stake in Capital Group Conservative Equity ETF by 67.8% during the first quarter. Clearstead Trust LLC now owns 513,754 shares of the company’s stock valued at $15,315,000 after purchasing an additional 207,660 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Capital Group Conservative Equity ETF by 25.5% during the first quarter. Janney Montgomery Scott LLC now owns 180,061 shares of the company’s stock valued at $5,368,000 after purchasing an additional 36,559 shares during the last quarter.

Capital Group Conservative Equity ETF Stock Performance

Shares of NYSEARCA:CGCV traded down $0.13 on Wednesday, reaching $32.64. The company’s stock had a trading volume of 689,871 shares, compared to its average volume of 325,062. Capital Group Conservative Equity ETF has a 52-week low of $29.26 and a 52-week high of $33.97. The company has a market cap of $2.07 billion, a P/E ratio of 23.69 and a beta of 0.65. The company has a 50-day simple moving average of $33.02 and a 200 day simple moving average of $32.21.

Capital Group Conservative Equity ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were issued a $0.1268 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.1187.

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.