Capital Group Conservative Equity ETF $CGCV Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 178.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,581,240 shares of the company’s stock after acquiring an additional 1,014,040 shares during the period. Envestnet Asset Management Inc. owned about 4.64% of Capital Group Conservative Equity ETF worth $47,611,000 as of its most recent SEC filing.

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

Capital Group Conservative Equity ETF Stock Up 0.2%

CGCV stock opened at $31.66 on Tuesday. The business has a 50 day moving average price of $30.83 and a 200 day moving average price of $30.18. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 23.69 and a beta of 0.72. Capital Group Conservative Equity ETF has a fifty-two week low of $23.93 and a fifty-two week high of $31.69.

Capital Group Conservative Equity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a $0.1383 dividend. This represents a $0.55 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, December 26th. This is a positive change from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09.

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.