High Net Worth Advisory Group LLC raised its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL – Free Report) by 4.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 330,840 shares of the company’s stock after purchasing an additional 13,855 shares during the period. Capital Group Core Balanced ETF accounts for approximately 2.7% of High Net Worth Advisory Group LLC’s holdings, making the stock its 7th biggest position. High Net Worth Advisory Group LLC’s holdings in Capital Group Core Balanced ETF were worth $12,559,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in shares of Capital Group Core Balanced ETF by 191.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock valued at $163,300,000 after purchasing an additional 3,033,933 shares during the period. LPL Financial LLC boosted its position in shares of Capital Group Core Balanced ETF by 27.7% during the fourth quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock worth $444,300,000 after buying an additional 2,726,819 shares during the period. Advance Capital Management Inc. boosted its position in shares of Capital Group Core Balanced ETF by 27.6% during the first quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock worth $412,022,000 after buying an additional 2,588,189 shares during the period. J. Derek Lewis & Associates Inc. acquired a new position in shares of Capital Group Core Balanced ETF during the fourth quarter worth approximately $40,500,000. Finally, Cetera Investment Advisers grew its holdings in Capital Group Core Balanced ETF by 40.1% in the 4th quarter. Cetera Investment Advisers now owns 3,325,254 shares of the company’s stock worth $117,481,000 after buying an additional 952,356 shares in the last quarter.
Capital Group Core Balanced ETF Price Performance
CGBL opened at $38.15 on Friday. Capital Group Core Balanced ETF has a 12 month low of $33.67 and a 12 month high of $38.68. The stock has a market cap of $7.37 billion, a P/E ratio of 25.37 and a beta of 0.69. The stock’s 50 day moving average price is $37.82 and its 200 day moving average price is $36.91.
Capital Group Core Balanced ETF Increases Dividend
Capital Group Core Balanced ETF 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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