Vestmark Advisory Solutions Inc. Takes Position in Capital Group Conservative Equity ETF $CGCV

Vestmark Advisory Solutions Inc. purchased a new position in shares of Capital Group Conservative Equity ETF (NYSEARCA:CGCV) in the third quarter, HoldingsChannel reports. The firm purchased 141,777 shares of the company’s stock, valued at approximately $4,269,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Synergy Investment Management LLC purchased a new position in Capital Group Conservative Equity ETF during the third quarter worth about $701,000. Carson Advisory Inc. acquired a new position in shares of Capital Group Conservative Equity ETF in the 3rd quarter worth approximately $8,372,000. Assetmark Inc. boosted its position in shares of Capital Group Conservative Equity ETF by 10,936.4% during the 3rd quarter. Assetmark Inc. now owns 55,182 shares of the company’s stock worth $1,662,000 after purchasing an additional 54,682 shares during the period. Wedbush Securities Inc. purchased a new position in shares of Capital Group Conservative Equity ETF during the 3rd quarter worth approximately $272,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Capital Group Conservative Equity ETF in the 3rd quarter valued at approximately $204,000.

Capital Group Conservative Equity ETF Stock Down 0.5%

Shares of NYSEARCA CGCV opened at $31.65 on Tuesday. The business’s 50 day moving average is $31.07 and its two-hundred day moving average is $30.36. Capital Group Conservative Equity ETF has a 52-week low of $23.93 and a 52-week high of $31.95. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 23.69 and a beta of 0.72.

Capital Group Conservative Equity ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors 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 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.