Envestnet Asset Management Inc. Raises Stock Holdings in Capital Group Conservative Equity ETF $CGCV

Envestnet Asset Management Inc. raised its stake in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 65.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 567,200 shares of the company’s stock after purchasing an additional 224,680 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Capital Group Conservative Equity ETF were worth $16,222,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. Moloney Securities Asset Management LLC raised its holdings in shares of Capital Group Conservative Equity ETF by 11.6% during the second quarter. Moloney Securities Asset Management LLC now owns 14,225 shares of the company’s stock valued at $407,000 after purchasing an additional 1,484 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Capital Group Conservative Equity ETF by 55.0% in the second quarter. D.A. Davidson & CO. now owns 17,875 shares of the company’s stock worth $511,000 after purchasing an additional 6,340 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in Capital Group Conservative Equity ETF by 30.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 14,442 shares of the company’s stock worth $413,000 after purchasing an additional 3,348 shares during the period. Evernest Financial Advisors LLC raised its stake in Capital Group Conservative Equity ETF by 68.5% during the 2nd quarter. Evernest Financial Advisors LLC now owns 216,995 shares of the company’s stock valued at $6,206,000 after buying an additional 88,201 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of Capital Group Conservative Equity ETF by 7.3% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 255,585 shares of the company’s stock valued at $7,338,000 after buying an additional 17,420 shares during the period.

Capital Group Conservative Equity ETF Price Performance

CGCV stock opened at $29.77 on Friday. Capital Group Conservative Equity ETF has a 1 year low of $23.93 and a 1 year high of $30.80. The company has a market cap of $1.02 billion, a P/E ratio of 23.69 and a beta of 0.72. The stock’s fifty day moving average price is $29.99 and its 200-day moving average price is $28.82.

Capital Group Conservative Equity ETF Cuts Dividend

The company also recently announced 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 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 30th.

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.