Envestnet Asset Management Inc. Raises Holdings in Capital Group Core Balanced ETF $CGBL

Envestnet Asset Management Inc. lifted its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 31.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 5,448,051 shares of the company’s stock after acquiring an additional 1,307,832 shares during the quarter. Envestnet Asset Management Inc. owned 0.05% of Capital Group Core Balanced ETF worth $189,156,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CGBL. Advance Capital Management Inc. grew its holdings in Capital Group Core Balanced ETF by 242.6% during the 3rd quarter. Advance Capital Management Inc. now owns 9,275,964 shares of the company’s stock valued at $322,061,000 after buying an additional 6,568,560 shares in the last quarter. CWM LLC boosted its position in shares of 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 valued at $73,821,000 after acquiring an additional 1,492,252 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of Capital Group Core Balanced ETF by 75.6% in the second quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock valued at $61,488,000 after purchasing an additional 791,376 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Capital Group Core Balanced ETF in the second quarter worth $12,843,000. Finally, Jones Financial Companies Lllp raised its stake in Capital Group Core Balanced ETF by 56.8% during the third quarter. Jones Financial Companies Lllp now owns 1,009,987 shares of the company’s stock valued at $35,198,000 after purchasing an additional 365,941 shares in the last quarter.

Capital Group Core Balanced ETF Stock Down 0.7%

CGBL stock opened at $35.67 on Friday. Capital Group Core Balanced ETF has a 52 week low of $28.22 and a 52 week high of $36.55. The firm has a market capitalization of $4.82 billion, a P/E ratio of 25.37 and a beta of 0.69. The company has a fifty day simple moving average of $35.76 and a two-hundred day simple moving average of $34.90.

Capital Group Core Balanced ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a $0.2251 dividend. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.90 dividend on an annualized basis and a yield of 2.5%.

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. CGBL was launched on Sep 26, 2023 and is issued by Capital Group.