Base Wealth Management LLC decreased its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL – Free Report) by 7.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 315,259 shares of the company’s stock after selling 25,221 shares during the quarter. Capital Group Core Balanced ETF makes up about 6.1% of Base Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position. Base Wealth Management LLC’s holdings in Capital Group Core Balanced ETF were worth $10,848,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in CGBL. Wells Fargo & Company MN lifted its stake in shares of Capital Group Core Balanced ETF by 191.0% in the 4th quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock valued at $163,300,000 after acquiring an additional 3,033,933 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Capital Group Core Balanced ETF by 27.7% during the 4th quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock valued at $444,300,000 after acquiring an additional 2,726,819 shares in the last quarter. Advance Capital Management Inc. grew its position in Capital Group Core Balanced ETF by 27.6% during the 1st quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock worth $412,022,000 after acquiring an additional 2,588,189 shares during the last quarter. Aprio Wealth Management LLC bought a new stake in Capital Group Core Balanced ETF during the 4th quarter worth $63,960,000. Finally, J. Derek Lewis & Associates Inc. acquired a new position in Capital Group Core Balanced ETF in the 4th quarter worth about $40,500,000.
Capital Group Core Balanced ETF Trading Down 0.3%
Capital Group Core Balanced ETF stock opened at $37.48 on Thursday. The company has a market capitalization of $6.92 billion, a PE ratio of 25.37 and a beta of 0.68. Capital Group Core Balanced ETF has a 12 month low of $33.25 and a 12 month high of $38.20. The stock has a 50-day moving average price of $37.43 and a two-hundred day moving average price of $36.39.
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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Want to see what other hedge funds are holding CGBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Core Balanced ETF (NYSEARCA:CGBL – Free Report).
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