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

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 150,846 shares, a decline of 46.6% from the December 15th total of 282,408 shares. Based on an average daily trading volume, of 473,265 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 473,265 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Capital Group Conservative Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital International Investors lifted its stake in shares of Capital Group Conservative Equity ETF by 15,171.6% in the third quarter. Capital International Investors now owns 9,857,523 shares of the company’s stock valued at $296,810,000 after buying an additional 9,792,975 shares during the period. Capital Group Private Client Services Inc. raised its holdings in Capital Group Conservative Equity ETF by 33.8% in the 3rd quarter. Capital Group Private Client Services Inc. now owns 3,279,603 shares of the company’s stock valued at $98,749,000 after acquiring an additional 828,056 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Capital Group Conservative Equity ETF by 36.7% in the 3rd quarter. Raymond James Financial Inc. now owns 1,909,889 shares of the company’s stock worth $57,507,000 after acquiring an additional 512,552 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Capital Group Conservative Equity ETF by 178.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,581,240 shares of the company’s stock worth $47,611,000 after acquiring an additional 1,014,040 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Capital Group Conservative Equity ETF by 5,529.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 828,462 shares of the company’s stock worth $25,682,000 after purchasing an additional 813,745 shares in the last quarter.

Capital Group Conservative Equity ETF Trading Up 0.3%

CGCV stock traded up $0.09 during trading hours on Friday, hitting $31.28. 261,583 shares of the stock traded hands, compared to its average volume of 434,953. The stock has a 50-day simple moving average of $30.53 and a 200 day simple moving average of $29.92. Capital Group Conservative Equity ETF has a one year low of $23.93 and a one year high of $31.33. The company has a market cap of $1.33 billion, a P/E ratio of 23.69 and a beta of 0.72.

Capital Group Conservative Equity ETF Increases Dividend

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

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.