Balboa Wealth Partners Purchases Shares of 14,723 Capital Group Core Balanced ETF $CGBL

Balboa Wealth Partners purchased a new stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,723 shares of the company’s stock, valued at approximately $492,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC lifted its stake in Capital Group Core Balanced ETF by 106.9% in the second quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock valued at $46,000 after buying an additional 709 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in Capital Group Core Balanced ETF in the first quarter valued at approximately $75,000. Allworth Financial LP lifted its stake in Capital Group Core Balanced ETF by 30.5% in the first quarter. Allworth Financial LP now owns 4,276 shares of the company’s stock valued at $131,000 after buying an additional 1,000 shares during the period. Nicholson Wealth Management Group LLC acquired a new position in Capital Group Core Balanced ETF in the second quarter valued at approximately $214,000. Finally, Simplicity Wealth LLC acquired a new position in Capital Group Core Balanced ETF in the second quarter valued at approximately $214,000.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL opened at $35.00 on Tuesday. Capital Group Core Balanced ETF has a 52-week low of $28.22 and a 52-week high of $35.13. The business’s 50 day moving average price is $34.51 and its two-hundred day moving average price is $33.03. The firm has a market cap of $3.63 billion, a PE ratio of 25.37 and a beta of 0.76.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were issued a $0.1857 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16.

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.