Ameritas Advisory Services LLC Makes New $640,000 Investment in Capital Group Conservative Equity ETF $CGCV

Ameritas Advisory Services LLC bought a new position in Capital Group Conservative Equity ETF (NYSEARCA:CGCV) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 19,487 shares of the company’s stock, valued at approximately $640,000.

Other institutional investors have also made changes to their positions in the company. Kintra Wealth LLC lifted its stake in Capital Group Conservative Equity ETF by 20.8% during the second quarter. Kintra Wealth LLC now owns 14,272 shares of the company’s stock worth $482,000 after purchasing an additional 2,459 shares during the last quarter. Midwest Heritage Bank FSB increased its stake in Capital Group Conservative Equity ETF by 4.8% during the second quarter. Midwest Heritage Bank FSB now owns 232,205 shares of the company’s stock valued at $7,621,000 after purchasing an additional 10,535 shares during the last quarter. HB Wealth Management LLC bought a new stake in Capital Group Conservative Equity ETF during the second quarter valued at $341,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Capital Group Conservative Equity ETF during the second quarter worth $362,000. Finally, Continuum Advisory LLC lifted its position in shares of Capital Group Conservative Equity ETF by 10.9% in the 2nd quarter. Continuum Advisory LLC now owns 44,334 shares of the company’s stock worth $1,455,000 after buying an additional 4,368 shares during the last quarter.

Capital Group Conservative Equity ETF Stock Performance

NYSEARCA CGCV opened at $32.74 on Friday. The firm has a market capitalization of $1.94 billion, a PE ratio of 23.69 and a beta of 0.64. Capital Group Conservative Equity ETF has a one year low of $29.26 and a one year high of $33.97. The company has a 50-day simple moving average of $33.20 and a 200-day simple moving average of $32.04.

Capital Group Conservative Equity ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were paid a $0.1187 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.47 annualized dividend and a dividend yield of 1.5%.

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.