PFG Advisors Grows Stake in Capital Group Core Balanced ETF $CGBL

PFG Advisors lifted its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 43.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,627 shares of the company’s stock after buying an additional 32,935 shares during the period. PFG Advisors owned approximately 0.08% of Capital Group Core Balanced ETF worth $3,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Allworth Financial LP raised its position in Capital Group Core Balanced ETF by 6.7% in the third quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock worth $173,000 after acquiring an additional 311 shares during the period. Balboa Wealth Partners raised its position in Capital Group Core Balanced ETF by 2.3% in the third quarter. Balboa Wealth Partners now owns 15,065 shares of the company’s stock worth $523,000 after acquiring an additional 342 shares during the period. Carson Advisory Inc. raised its position in Capital Group Core Balanced ETF by 3.8% in the third quarter. Carson Advisory Inc. now owns 13,575 shares of the company’s stock worth $471,000 after acquiring an additional 500 shares during the period. Walkner Condon Financial Advisors LLC raised its position in Capital Group Core Balanced ETF by 4.4% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 11,937 shares of the company’s stock worth $422,000 after acquiring an additional 500 shares during the period. Finally, Nautilus Advisors LLC raised its position in Capital Group Core Balanced ETF by 1.5% in the fourth quarter. Nautilus Advisors LLC now owns 35,378 shares of the company’s stock worth $1,250,000 after acquiring an additional 539 shares during the period.

Capital Group Core Balanced ETF Trading Down 0.9%

CGBL opened at $36.36 on Wednesday. Capital Group Core Balanced ETF has a 1-year low of $29.68 and a 1-year high of $36.96. The company has a market capitalization of $5.88 billion, a PE ratio of 25.37 and a beta of 0.71. The firm’s 50 day simple moving average is $35.61 and its two-hundred day simple moving average is $35.45.

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.