Capital Group Conservative Equity ETF $CGCV Shares Bought by Lodestone Wealth Management LLC

Lodestone Wealth Management LLC grew its holdings in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 29.6% during the second quarter, HoldingsChannel.com reports. The fund owned 12,546 shares of the company’s stock after purchasing an additional 2,864 shares during the quarter. Lodestone Wealth Management LLC’s holdings in Capital Group Conservative Equity ETF were worth $359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Confluence Wealth Services Inc. increased its holdings in Capital Group Conservative Equity ETF by 3.5% in the 2nd quarter. Confluence Wealth Services Inc. now owns 14,811 shares of the company’s stock valued at $424,000 after purchasing an additional 494 shares in the last quarter. IFP Advisors Inc purchased a new stake in shares of Capital Group Conservative Equity ETF in the first quarter worth about $25,000. Geneos Wealth Management Inc. purchased a new stake in shares of Capital Group Conservative Equity ETF in the first quarter worth about $31,000. Ameriflex Group Inc. grew 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 valued at $68,000 after buying an additional 1,281 shares in the last quarter. Finally, Moloney Securities Asset Management LLC raised its holdings in shares of Capital Group Conservative Equity ETF by 11.6% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 14,225 shares of the company’s stock valued at $407,000 after buying an additional 1,484 shares during the period.

Capital Group Conservative Equity ETF Stock Performance

Capital Group Conservative Equity ETF stock opened at $29.82 on Thursday. The firm has a market capitalization of $1.02 billion, a PE ratio of 23.69 and a beta of 0.72. Capital Group Conservative Equity ETF has a one year low of $23.93 and a one year high of $30.80. The stock’s 50 day moving average price is $30.10 and its 200 day moving average price is $29.08.

Capital Group Conservative Equity ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.0894 per share. This represents a $0.36 dividend on an annualized basis and a dividend 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.