Capital Group Conservative Equity ETF (NYSEARCA:CGCV) Plans Quarterly Dividend of $0.13

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) declared a quarterly dividend on Tuesday, September 29th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.1268 per share on Thursday, October 1st. This represents a $0.51 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 6.8% increase from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.1187.

Capital Group Conservative Equity ETF Price Performance

Shares of CGCV stock opened at $32.40 on Wednesday. The stock has a market cap of $2.04 billion, a PE ratio of 23.69 and a beta of 0.64. The stock has a 50-day moving average of $33.09 and a 200-day moving average of $32.13. Capital Group Conservative Equity ETF has a one year low of $29.26 and a one year high of $33.97.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CGCV. Envestnet Portfolio Solutions Inc. raised its holdings in Capital Group Conservative Equity ETF by 21.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 36,883 shares of the company’s stock worth $1,211,000 after purchasing an additional 6,397 shares during the period. Capital Analysts LLC grew its holdings in shares of Capital Group Conservative Equity ETF by 34.8% in the 2nd quarter. Capital Analysts LLC now owns 19,789 shares of the company’s stock valued at $649,000 after buying an additional 5,108 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of Capital Group Conservative Equity ETF by 48.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 63,562 shares of the company’s stock valued at $2,086,000 after buying an additional 20,826 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Capital Group Conservative Equity ETF by 62.0% in the 2nd quarter. NewEdge Advisors LLC now owns 24,457 shares of the company’s stock valued at $803,000 after buying an additional 9,361 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in Capital Group Conservative Equity ETF by 2.3% during the 2nd quarter. Baird Financial Group Inc. now owns 195,170 shares of the company’s stock worth $6,405,000 after buying an additional 4,415 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.