Founders Financial Securities LLC lifted its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL – Free Report) by 20.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,522 shares of the company’s stock after purchasing an additional 46,387 shares during the quarter. Founders Financial Securities LLC owned about 0.18% of Capital Group Core Balanced ETF worth $9,971,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CGBL. CoreCap Advisors LLC raised its stake in Capital Group Core Balanced ETF by 14,657.1% in the fourth quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock valued at $36,000 after buying an additional 1,026 shares during the last quarter. US Bancorp DE boosted its holdings in Capital Group Core Balanced ETF by 204.6% in the third quarter. US Bancorp DE now owns 1,645 shares of the company’s stock worth $57,000 after acquiring an additional 1,105 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Capital Group Core Balanced ETF by 77.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock worth $81,000 after acquiring an additional 1,006 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in shares of Capital Group Core Balanced ETF during the fourth quarter worth about $84,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Capital Group Core Balanced ETF during the fourth quarter valued at about $86,000.
Capital Group Core Balanced ETF Price Performance
CGBL opened at $38.06 on Friday. The company has a market cap of $6.33 billion, a P/E ratio of 25.37 and a beta of 0.69. The firm’s 50-day moving average price is $37.09 and its 200-day moving average price is $36.15. Capital Group Core Balanced ETF has a 52-week low of $32.46 and a 52-week high of $38.20.
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.
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