Capital Group Conservative Equity ETF $CGCV Shares Bought by Valmark Advisers Inc.

Valmark Advisers Inc. grew its position in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) by 28.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,320 shares of the company’s stock after purchasing an additional 17,903 shares during the period. Valmark Advisers Inc. owned approximately 0.25% of Capital Group Conservative Equity ETF worth $2,418,000 as of its most recent SEC filing.

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

Capital Group Conservative Equity ETF Stock Performance

NYSEARCA:CGCV opened at $31.06 on Friday. The stock has a market cap of $1.32 billion, a price-to-earnings 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 $31.08. The business’s 50-day simple moving average is $30.40 and its 200 day simple moving average is $29.83.

Capital Group Conservative Equity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a $0.1383 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, December 26th. This is a positive change from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09.

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.