Ameriflex Group Inc. Boosts Holdings in Capital Group Conservative Equity ETF $CGCV

Ameriflex Group Inc. raised its stake in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 116.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,377 shares of the company’s stock after purchasing an additional 1,281 shares during the period. Ameriflex Group Inc.’s holdings in Capital Group Conservative Equity ETF were worth $68,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. IFP Advisors Inc purchased a new position in Capital Group Conservative Equity ETF during the first quarter valued at $25,000. Sunbelt Securities Inc. purchased a new position in Capital Group Conservative Equity ETF during the first quarter valued at $27,000. Geneos Wealth Management Inc. purchased a new position in Capital Group Conservative Equity ETF during the first quarter valued at $31,000. D.A. Davidson & CO. raised its position in shares of Capital Group Conservative Equity ETF by 11.9% in the first quarter. D.A. Davidson & CO. now owns 11,535 shares of the company’s stock valued at $313,000 after buying an additional 1,225 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of Capital Group Conservative Equity ETF in the first quarter valued at about $42,000.

Capital Group Conservative Equity ETF Stock Up 0.4%

Shares of NYSEARCA CGCV opened at $30.32 on Monday. The firm has a 50-day simple moving average of $29.54 and a 200-day simple moving average of $28.17. The stock has a market capitalization of $961.14 million and a price-to-earnings ratio of 23.69. Capital Group Conservative Equity ETF has a 52 week low of $23.93 and a 52 week high of $30.44.

Capital Group Conservative Equity ETF Cuts Dividend

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