Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Update

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 557,068 shares, a drop of 20.4% from the December 15th total of 700,079 shares. Based on an average daily trading volume, of 994,661 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 994,661 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Capital Group Core Balanced ETF

Institutional investors have recently bought and sold shares of the company. Advance Capital Management Inc. increased its position in shares of Capital Group Core Balanced ETF by 1.2% in the fourth quarter. Advance Capital Management Inc. now owns 9,385,711 shares of the company’s stock valued at $331,597,000 after buying an additional 109,747 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Capital Group Core Balanced ETF by 31.6% in the third quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock valued at $189,156,000 after purchasing an additional 1,307,832 shares during the last quarter. Raymond James Financial Inc. increased its position in Capital Group Core Balanced ETF by 20.2% during the third quarter. Raymond James Financial Inc. now owns 2,209,899 shares of the company’s stock worth $76,728,000 after buying an additional 371,133 shares in the last quarter. CWM LLC increased its position in Capital Group Core Balanced ETF by 208.6% during the 2nd quarter. CWM LLC now owns 2,207,565 shares of the company’s stock worth $73,821,000 after purchasing an additional 1,492,252 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Capital Group Core Balanced ETF by 13.4% during the third quarter. Commonwealth Equity Services LLC now owns 2,061,754 shares of the company’s stock valued at $71,584,000 after buying an additional 242,948 shares during the period.

Capital Group Core Balanced ETF Trading Down 0.9%

Shares of Capital Group Core Balanced ETF stock traded down $0.31 on Tuesday, reaching $35.98. 523,886 shares of the stock were exchanged, compared to its average volume of 1,075,168. The business has a fifty day moving average price of $35.36 and a two-hundred day moving average price of $34.69. Capital Group Core Balanced ETF has a 1-year low of $28.22 and a 1-year high of $36.42. The firm has a market capitalization of $4.63 billion, a PE ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a $0.2251 dividend. The ex-dividend date was Friday, December 26th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a yield of 2.5%.

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.