Synergy Investment Management LLC Purchases Shares of 23,275 Capital Group Conservative Equity ETF $CGCV

Synergy Investment Management LLC acquired a new position in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) during the 3rd quarter, HoldingsChannel reports. The fund acquired 23,275 shares of the company’s stock, valued at approximately $701,000.

Several other institutional investors have also recently made changes to their positions in CGCV. Envestnet Asset Management Inc. lifted its stake in shares of Capital Group Conservative Equity ETF by 178.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,581,240 shares of the company’s stock valued at $47,611,000 after purchasing an additional 1,014,040 shares during the period. Raymond James Financial Inc. grew its position in Capital Group Conservative Equity ETF by 67.0% during the second quarter. Raymond James Financial Inc. now owns 1,397,337 shares of the company’s stock valued at $39,964,000 after buying an additional 560,814 shares during the period. Tribridge Partners Financial LLC purchased a new position in Capital Group Conservative Equity ETF in the second quarter valued at $15,536,000. Carson Advisory Inc. acquired a new position in shares of Capital Group Conservative Equity ETF in the third quarter worth about $8,372,000. Finally, Truist Financial Corp raised its position in shares of Capital Group Conservative Equity ETF by 1,905.8% in the third quarter. Truist Financial Corp now owns 225,550 shares of the company’s stock worth $6,791,000 after acquiring an additional 214,305 shares during the period.

Capital Group Conservative Equity ETF Stock Up 0.0%

NYSEARCA:CGCV opened at $31.70 on Thursday. Capital Group Conservative Equity ETF has a 52 week low of $23.93 and a 52 week high of $31.95. The stock’s 50-day moving average price is $31.00 and its 200-day moving average price is $30.29. The stock has a market capitalization of $1.43 billion, a PE ratio of 23.69 and a beta of 0.72.

Capital Group Conservative Equity ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a $0.1383 dividend. The ex-dividend date of this dividend was Friday, December 26th. This is an increase from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09. This represents a $0.55 annualized dividend 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.