Cetera Investment Advisers boosted its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL – Free Report) by 21.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 4,048,725 shares of the company’s stock after buying an additional 723,471 shares during the period. Cetera Investment Advisers’ holdings in Capital Group Core Balanced ETF were worth $139,317,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its position in shares of Capital Group Core Balanced ETF by 70.1% during the first quarter. NewEdge Advisors LLC now owns 33,942 shares of the company’s stock worth $1,052,000 after acquiring an additional 13,986 shares during the period. Jane Street Group LLC raised its stake in shares of Capital Group Core Balanced ETF by 25.4% in the first quarter. Jane Street Group LLC now owns 281,274 shares of the company’s stock valued at $8,714,000 after acquiring an additional 57,029 shares in the last quarter. Creative Planning purchased a new position in Capital Group Core Balanced ETF in the second quarter valued at $218,000. JPMorgan Chase & Co. purchased a new position in Capital Group Core Balanced ETF in the second quarter valued at $269,000. Finally, Diversify Wealth Management LLC grew its stake in Capital Group Core Balanced ETF by 14.0% during the 2nd quarter. Diversify Wealth Management LLC now owns 11,911 shares of the company’s stock worth $405,000 after purchasing an additional 1,467 shares in the last quarter.
Capital Group Core Balanced ETF Price Performance
Shares of NYSEARCA CGBL opened at $37.38 on Thursday. The stock’s 50-day moving average is $37.52 and its two-hundred day moving average is $36.52. Capital Group Core Balanced ETF has a 1-year low of $33.25 and a 1-year high of $38.20. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 25.37 and a beta of 0.68.
Capital Group Core Balanced ETF 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.
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