Capital Group Core Balanced ETF $CGBL Shares Bought by Taylor Financial Group Inc.

Taylor Financial Group Inc. raised its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 11.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 104,370 shares of the company’s stock after acquiring an additional 10,385 shares during the period. Capital Group Core Balanced ETF makes up 2.2% of Taylor Financial Group Inc.’s investment portfolio, making the stock its 10th largest holding. Taylor Financial Group Inc. owned 0.13% of Capital Group Core Balanced ETF worth $3,490,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CGBL. LPL Financial LLC raised its holdings in Capital Group Core Balanced ETF by 45.3% during the first quarter. LPL Financial LLC now owns 5,504,865 shares of the company’s stock worth $170,541,000 after purchasing an additional 1,717,432 shares in the last quarter. CWM LLC increased its position in Capital Group Core Balanced ETF by 208.6% during the 2nd quarter. CWM LLC now owns 2,207,565 shares of the company’s stock worth $73,821,000 after purchasing an additional 1,492,252 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Capital Group Core Balanced ETF by 31.6% in the second quarter. Envestnet Asset Management Inc. now owns 4,140,219 shares of the company’s stock valued at $138,449,000 after buying an additional 993,022 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Capital Group Core Balanced ETF by 47.8% in the first quarter. Commonwealth Equity Services LLC now owns 1,821,751 shares of the company’s stock valued at $56,438,000 after buying an additional 588,909 shares in the last quarter. Finally, Advance Capital Management Inc. boosted its stake in shares of Capital Group Core Balanced ETF by 24.4% in the second quarter. Advance Capital Management Inc. now owns 2,707,404 shares of the company’s stock valued at $90,536,000 after buying an additional 530,828 shares in the last quarter.

Capital Group Core Balanced ETF Stock Performance

Capital Group Core Balanced ETF stock opened at $35.25 on Tuesday. Capital Group Core Balanced ETF has a one year low of $28.22 and a one year high of $35.26. The business has a fifty day moving average of $34.61 and a two-hundred day moving average of $33.22. The company has a market cap of $3.74 billion, a P/E ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

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

Capital Group Core Balanced ETF 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.