Divergent Planning LLC Invests $2.23 Million in Capital Group Core Balanced ETF $CGBL

Divergent Planning LLC purchased a new stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 66,782 shares of the company’s stock, valued at approximately $2,233,000. Divergent Planning LLC owned approximately 0.08% of Capital Group Core Balanced ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC boosted its stake in Capital Group Core Balanced ETF by 106.9% during the second quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock worth $46,000 after buying an additional 709 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Capital Group Core Balanced ETF during the 1st quarter valued at about $75,000. Allworth Financial LP grew its holdings in shares of Capital Group Core Balanced ETF by 30.5% in the first quarter. Allworth Financial LP now owns 4,276 shares of the company’s stock valued at $131,000 after purchasing an additional 1,000 shares during the period. Financial Perspectives Inc increased its position in Capital Group Core Balanced ETF by 225.9% during the second quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock worth $195,000 after purchasing an additional 4,035 shares during the last quarter. Finally, Sovran Advisors LLC purchased a new position in Capital Group Core Balanced ETF during the first quarter worth about $201,000.

Capital Group Core Balanced ETF Price Performance

Capital Group Core Balanced ETF stock opened at $35.00 on Tuesday. The firm has a 50 day simple moving average of $34.51 and a 200-day simple moving average of $33.03. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 25.37 and a beta of 0.76. Capital Group Core Balanced ETF has a 1-year low of $28.22 and a 1-year high of $35.13.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were given a $0.1857 dividend. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16. This represents a $0.74 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, September 30th.

Capital Group Core Balanced ETF Company Profile

The Capital Group Core Balanced ETF (CGBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that offers a balanced approach to total return and capital preservation. The fund employs an active asset allocation strategy to invest in equities, debts, money market instruments, and cash.