Worth Asset Management LLC boosted its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL – Free Report) by 6.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,524 shares of the company’s stock after purchasing an additional 13,200 shares during the period. Capital Group Core Balanced ETF comprises about 2.5% of Worth Asset Management LLC’s portfolio, making the stock its 6th largest holding. Worth Asset Management LLC owned 0.11% of Capital Group Core Balanced ETF worth $7,954,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Westside Investment Management Inc. raised its holdings in Capital Group Core Balanced ETF by 22.7% during the fourth quarter. Westside Investment Management Inc. now owns 146,270 shares of the company’s stock worth $5,168,000 after acquiring an additional 27,075 shares in the last quarter. Valmark Advisers Inc. grew its stake in Capital Group Core Balanced ETF by 28.7% in the fourth quarter. Valmark Advisers Inc. now owns 118,550 shares of the company’s stock valued at $4,188,000 after purchasing an additional 26,424 shares in the last quarter. CWM LLC increased its position in shares of Capital Group Core Balanced ETF by 5.7% during the 4th quarter. CWM LLC now owns 2,168,040 shares of the company’s stock worth $76,597,000 after purchasing an additional 117,287 shares during the last quarter. Clarity Wealth Advisors LLC increased its position in shares of Capital Group Core Balanced ETF by 39.0% during the 4th quarter. Clarity Wealth Advisors LLC now owns 206,693 shares of the company’s stock worth $7,302,000 after purchasing an additional 58,004 shares during the last quarter. Finally, World Investment Advisors raised its stake in shares of Capital Group Core Balanced ETF by 57.9% during the 4th quarter. World Investment Advisors now owns 273,910 shares of the company’s stock worth $9,677,000 after purchasing an additional 100,405 shares in the last quarter.
Capital Group Core Balanced ETF Trading Up 0.6%
NYSEARCA CGBL opened at $38.39 on Friday. The company has a market cap of $7.42 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 12 month low of $33.56 and a 12 month high of $38.42. The stock has a 50 day moving average of $37.59 and a 200-day moving average of $36.64.
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.
Recommended Stories
- Five stocks we like better than Capital Group Core Balanced ETF
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
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).
Receive News & Ratings for Capital Group Core Balanced ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group Core Balanced ETF and related companies with MarketBeat.com's FREE daily email newsletter.
