Commonwealth Equity Services LLC Decreases Position in Capital Group Core Balanced ETF $CGBL

Commonwealth Equity Services LLC lowered its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 0.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,818,806 shares of the company’s stock after selling 2,945 shares during the period. Commonwealth Equity Services LLC’s holdings in Capital Group Core Balanced ETF were worth $60,821,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC grew its stake in Capital Group Core Balanced ETF by 45.3% in the 1st quarter. LPL Financial LLC now owns 5,504,865 shares of the company’s stock valued at $170,541,000 after acquiring an additional 1,717,432 shares during the last quarter. CWM LLC lifted its holdings in shares of Capital Group Core Balanced ETF by 208.6% in the second quarter. CWM LLC now owns 2,207,565 shares of the company’s stock valued at $73,821,000 after purchasing an additional 1,492,252 shares in the last quarter. Envestnet Asset Management Inc. grew its position 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 purchasing an additional 993,022 shares during the last quarter. Advance Capital Management Inc. increased its stake in shares of Capital Group Core Balanced ETF by 24.4% during the 2nd quarter. Advance Capital Management Inc. now owns 2,707,404 shares of the company’s stock worth $90,536,000 after purchasing an additional 530,828 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Capital Group Core Balanced ETF by 51.4% during the 1st quarter. Cetera Investment Advisers now owns 1,554,803 shares of the company’s stock worth $48,168,000 after purchasing an additional 527,719 shares during the last quarter.

Capital Group Core Balanced ETF Stock Performance

CGBL stock opened at $34.53 on Friday. The stock’s 50 day moving average price is $34.76 and its 200 day moving average price is $33.50. The firm has a market cap of $3.75 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 1 year low of $28.22 and a 1 year high of $35.42.

Capital Group Core Balanced ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders 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 annualized dividend and a dividend yield of 2.2%. 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.