Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Short Interest Update

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) was the recipient of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 58,332 shares, a decline of 71.4% from the January 15th total of 204,147 shares. Based on an average daily volume of 315,707 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 315,707 shares, the days-to-cover ratio is presently 0.2 days.

Capital Group Conservative Equity ETF Stock Performance

NYSEARCA CGCV traded up $0.09 during trading hours on Friday, reaching $31.66. The stock had a trading volume of 336,793 shares, compared to its average volume of 390,653. The stock has a fifty day moving average of $30.93 and a 200 day moving average of $30.23. The stock has a market cap of $1.43 billion, a P/E ratio of 23.69 and a beta of 0.72. Capital Group Conservative Equity ETF has a 52-week low of $23.93 and a 52-week high of $31.95.

Capital Group Conservative Equity ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a dividend of $0.1383 per share. This represents a $0.55 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, December 26th. This is a positive change from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.09.

Institutional Trading of Capital Group Conservative Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC lifted its position in Capital Group Conservative Equity ETF by 37.4% during the fourth quarter. Kestra Advisory Services LLC now owns 46,077 shares of the company’s stock valued at $1,405,000 after purchasing an additional 12,552 shares during the period. Transamerica Financial Advisors LLC grew its position in Capital Group Conservative Equity ETF by 15.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 8,766 shares of the company’s stock worth $267,000 after purchasing an additional 1,181 shares during the period. Stifel Financial Corp raised its stake in shares of Capital Group Conservative Equity ETF by 19.7% during the 4th quarter. Stifel Financial Corp now owns 937,867 shares of the company’s stock valued at $28,596,000 after buying an additional 154,629 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Capital Group Conservative Equity ETF by 82.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,017 shares of the company’s stock valued at $154,000 after buying an additional 2,270 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its holdings in shares of Capital Group Conservative Equity ETF by 32.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 30,956 shares of the company’s stock valued at $944,000 after buying an additional 7,532 shares during the period.

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.