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

Capital Group Conservative Equity ETF (NYSEARCA:CGCV) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 156,153 shares, a drop of 38.0% from the August 31st total of 251,702 shares. Based on an average daily volume of 220,572 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of Capital Group Conservative Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Capital Group Conservative Equity ETF by 21.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 36,883 shares of the company’s stock valued at $1,211,000 after acquiring an additional 6,397 shares in the last quarter. Capital Analysts LLC grew its position in Capital Group Conservative Equity ETF by 34.8% during the 2nd quarter. Capital Analysts LLC now owns 19,789 shares of the company’s stock worth $649,000 after acquiring an additional 5,108 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in 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 worth $2,086,000 after purchasing an additional 20,826 shares in the last quarter. NewEdge Advisors LLC raised its position in Capital Group Conservative Equity ETF by 62.0% in the second quarter. NewEdge Advisors LLC now owns 24,457 shares of the company’s stock valued at $803,000 after purchasing an additional 9,361 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in Capital Group Conservative Equity ETF by 2.3% in the second quarter. Baird Financial Group Inc. now owns 195,170 shares of the company’s stock valued at $6,405,000 after purchasing an additional 4,415 shares during the last quarter.

Capital Group Conservative Equity ETF Stock Performance

Shares of CGCV stock traded down $0.05 during trading on Thursday, hitting $32.03. The company had a trading volume of 256,199 shares, compared to its average volume of 322,041. The firm has a market capitalization of $2.02 billion, a P/E 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 stock’s 50-day moving average price is $33.08 and its 200 day moving average price is $32.14.

Capital Group Conservative Equity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th will be given a $0.1268 dividend. This is a boost from Capital Group Conservative Equity ETF’s previous quarterly dividend of $0.1187. This represents a $0.51 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, September 30th.

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.