Geneos Wealth Management Inc. Has $9.54 Million Stock Holdings in Capital Group Core Balanced ETF $CGBL

Geneos Wealth Management Inc. increased its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 41.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,072 shares of the company’s stock after purchasing an additional 79,018 shares during the quarter. Geneos Wealth Management Inc. owned approximately 0.21% of Capital Group Core Balanced ETF worth $9,542,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Confluence Wealth Services Inc. increased its position in Capital Group Core Balanced ETF by 75.4% during the 4th quarter. Confluence Wealth Services Inc. now owns 492,538 shares of the company’s stock worth $17,401,000 after purchasing an additional 211,733 shares in the last quarter. Financial Perspectives Inc increased its position in Capital Group Core Balanced ETF by 14.9% in the 4th quarter. Financial Perspectives Inc now owns 8,283 shares of the company’s stock valued at $293,000 after acquiring an additional 1,075 shares during the period. Michael Brady & Co. LLC acquired a new position in Capital Group Core Balanced ETF in the 4th quarter valued at approximately $5,236,000. PFG Advisors increased its position in Capital Group Core Balanced ETF by 43.5% in the 4th quarter. PFG Advisors now owns 108,627 shares of the company’s stock valued at $3,838,000 after acquiring an additional 32,935 shares during the period. Finally, Richards Merrill & Peterson Inc. acquired a new position in Capital Group Core Balanced ETF in the 4th quarter valued at approximately $492,000.

Capital Group Core Balanced ETF Stock Performance

Shares of NYSEARCA CGBL opened at $36.65 on Friday. Capital Group Core Balanced ETF has a 52-week low of $30.30 and a 52-week high of $36.96. The firm has a 50 day moving average price of $35.63 and a two-hundred day moving average price of $35.47. The stock has a market cap of $6.00 billion, a P/E ratio of 25.37 and a beta of 0.71.

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.