265,214 Capital Group Conservative Equity ETF $CGCV Shares Sold by DMKC Advisory Services LLC

DMKC Advisory Services LLC cut its holdings in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 27.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 686,386 shares of the company’s stock after selling 265,214 shares during the period. Capital Group Conservative Equity ETF makes up 5.3% of DMKC Advisory Services LLC’s portfolio, making the stock its 5th biggest position. DMKC Advisory Services LLC owned about 1.04% of Capital Group Conservative Equity ETF worth $22,019,000 as of its most recent SEC filing.

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

Capital Group Conservative Equity ETF Stock Up 2.1%

CGCV opened at $33.56 on Tuesday. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 23.69 and a beta of 0.62. The firm has a 50 day moving average price of $32.89 and a 200-day moving average price of $32.14. 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. Shareholders of record on Wednesday, September 30th were given a $0.1268 dividend. 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. This represents a $0.51 dividend on an annualized basis and a yield of 1.5%.

Capital Group Conservative Equity ETF Company 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.