Osaic Holdings Inc. Acquires 58,646 Shares of Capital Group Conservative Equity ETF $CGCV

Osaic Holdings Inc. increased its holdings in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 57.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 160,995 shares of the company’s stock after acquiring an additional 58,646 shares during the quarter. Osaic Holdings Inc. owned about 0.98% of Capital Group Conservative Equity ETF worth $4,605,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp bought a new position in Capital Group Conservative Equity ETF in the 1st quarter worth $47,420,000. Raymond James Financial Inc. increased its position in shares of 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. Envestnet Asset Management Inc. raised its stake in Capital Group Conservative Equity ETF by 65.6% in the second quarter. Envestnet Asset Management Inc. now owns 567,200 shares of the company’s stock worth $16,222,000 after buying an additional 224,680 shares in the last quarter. Tribridge Partners Financial LLC purchased a new stake in Capital Group Conservative Equity ETF in the second quarter worth about $15,536,000. Finally, Main Line Retirement Advisors LLC boosted its position in Capital Group Conservative Equity ETF by 2.5% during the 1st quarter. Main Line Retirement Advisors LLC now owns 520,663 shares of the company’s stock valued at $14,118,000 after acquiring an additional 12,896 shares in the last quarter.

Capital Group Conservative Equity ETF Stock Performance

CGCV stock opened at $30.75 on Wednesday. Capital Group Conservative Equity ETF has a fifty-two week low of $23.93 and a fifty-two week high of $30.81. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 23.69 and a beta of 0.72. The business’s 50 day moving average price is $30.28 and its two-hundred day moving average price is $29.60.

Capital Group Conservative Equity ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were paid a $0.0894 dividend. This represents a $0.36 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 30th.

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.