KWB Wealth cut its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL – Free Report) by 58.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 387,913 shares of the company’s stock after selling 537,978 shares during the period. Capital Group Core Balanced ETF accounts for about 1.2% of KWB Wealth’s investment portfolio, making the stock its 20th biggest position. KWB Wealth’s holdings in Capital Group Core Balanced ETF were worth $14,256,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the business. Simplicity Wealth LLC boosted its position in shares of Capital Group Core Balanced ETF by 4.4% in the 1st quarter. Simplicity Wealth LLC now owns 8,718 shares of the company’s stock worth $300,000 after purchasing an additional 367 shares during the last quarter. Harmony Asset Management LLC increased its holdings in Capital Group Core Balanced ETF by 7.0% during the 1st quarter. Harmony Asset Management LLC now owns 6,333 shares of the company’s stock worth $218,000 after purchasing an additional 414 shares in the last quarter. Sanctuary Advisors LLC raised its position in Capital Group Core Balanced ETF by 4.6% in the 1st quarter. Sanctuary Advisors LLC now owns 9,556 shares of the company’s stock valued at $329,000 after buying an additional 416 shares during the last quarter. Summit Global Investments raised its holdings in shares of Capital Group Core Balanced ETF by 2.7% in the first quarter. Summit Global Investments now owns 16,149 shares of the company’s stock valued at $556,000 after purchasing an additional 426 shares during the last quarter. Finally, Balboa Wealth Partners increased its stake in Capital Group Core Balanced ETF by 3.1% in the 1st quarter. Balboa Wealth Partners now owns 16,625 shares of the company’s stock valued at $572,000 after buying an additional 503 shares during the last quarter.
Capital Group Core Balanced ETF Stock Performance
CGBL traded down $0.24 on Friday, hitting $36.85. 1,314,471 shares of the company were exchanged, compared to its average volume of 1,502,085. Capital Group Core Balanced ETF has a 12 month low of $33.67 and a 12 month high of $38.68. The company has a market cap of $7.76 billion, a PE ratio of 25.37 and a beta of 0.70. The stock’s fifty day moving average is $37.66 and its 200-day moving average is $37.28.
Capital Group Core Balanced ETF Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a $0.2056 dividend. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634. The ex-dividend date was Wednesday, September 30th. This represents a $0.82 annualized dividend and a yield of 2.2%.
About Capital Group Core Balanced ETF
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.
Featured Articles
- Five stocks we like better than Capital Group Core Balanced ETF
- Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027
- ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
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.
