Moloney Securities Asset Management LLC Boosts Stock Position in Capital Group Core Balanced ETF $CGBL

Moloney Securities Asset Management LLC increased its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 9.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,516 shares of the company’s stock after buying an additional 2,359 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Capital Group Core Balanced ETF were worth $954,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC raised its holdings in Capital Group Core Balanced ETF by 106.9% during the second quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock worth $46,000 after acquiring an additional 709 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Capital Group Core Balanced ETF in the first quarter valued at $75,000. Allworth Financial LP increased its position in shares of Capital Group Core Balanced ETF by 30.5% during the first quarter. Allworth Financial LP now owns 4,276 shares of the company’s stock valued at $131,000 after acquiring an additional 1,000 shares in the last quarter. Financial Perspectives Inc boosted its stake in shares of Capital Group Core Balanced ETF by 225.9% during the 2nd quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock worth $195,000 after acquiring an additional 4,035 shares during the last quarter. Finally, Sovran Advisors LLC purchased a new position in shares of Capital Group Core Balanced ETF during the 1st quarter valued at $201,000.

Capital Group Core Balanced ETF Stock Up 0.5%

Shares of CGBL stock opened at $35.08 on Friday. The stock has a market cap of $3.71 billion, a P/E ratio of 25.37 and a beta of 0.76. The company’s fifty day simple moving average is $34.59 and its two-hundred day simple moving average is $33.14. Capital Group Core Balanced ETF has a 52 week low of $28.22 and a 52 week high of $35.13.

Capital Group Core Balanced ETF Increases Dividend

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

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.