ST Germain D J Co. Inc. Acquires 23,092 Shares of Capital Group Conservative Equity ETF $CGCV

ST Germain D J Co. Inc. grew its holdings in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 383,707 shares of the company’s stock after purchasing an additional 23,092 shares during the quarter. ST Germain D J Co. Inc. owned about 1.20% of Capital Group Conservative Equity ETF worth $11,553,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. bought a new position in shares of Capital Group Conservative Equity ETF in the first quarter valued at about $31,000. NewEdge Advisors LLC acquired a new stake in Capital Group Conservative Equity ETF in the 1st quarter valued at about $42,000. Bank of America Corp DE acquired a new stake in Capital Group Conservative Equity ETF in the 2nd quarter valued at about $47,000. Ameriflex Group Inc. raised its stake in shares of Capital Group Conservative Equity ETF by 116.9% in the second quarter. Ameriflex Group Inc. now owns 2,377 shares of the company’s stock worth $68,000 after acquiring an additional 1,281 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of Capital Group Conservative Equity ETF during the second quarter worth approximately $99,000.

Capital Group Conservative Equity ETF Price Performance

CGCV opened at $30.40 on Wednesday. The stock has a market capitalization of $1.04 billion, a P/E ratio of 23.69 and a beta of 0.72. The company’s 50 day simple moving average is $30.23 and its 200-day simple moving average is $29.51. Capital Group Conservative Equity ETF has a one year low of $23.93 and a one year high of $30.81.

Capital Group Conservative Equity ETF Cuts Dividend

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

Capital Group Conservative Equity ETF 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.