NewEdge Advisors LLC grew its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL – Free Report) by 26.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 491,913 shares of the company’s stock after buying an additional 102,911 shares during the quarter. NewEdge Advisors LLC’s holdings in Capital Group Core Balanced ETF were worth $18,673,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Kestra Investment Management LLC raised its holdings in shares of Capital Group Core Balanced ETF by 1.1% during the fourth quarter. Kestra Investment Management LLC now owns 25,411 shares of the company’s stock worth $898,000 after acquiring an additional 276 shares during the period. Vermillion & White Wealth Management Group LLC boosted its stake in Capital Group Core Balanced ETF by 3.3% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 9,004 shares of the company’s stock worth $318,000 after purchasing an additional 286 shares during the period. Beacon Financial Advisory LLC increased its holdings in Capital Group Core Balanced ETF by 0.8% during the 4th quarter. Beacon Financial Advisory LLC now owns 43,297 shares of the company’s stock worth $1,530,000 after purchasing an additional 337 shares in the last quarter. Simplicity Wealth LLC increased its holdings in Capital Group Core Balanced ETF by 4.4% during the 1st quarter. Simplicity Wealth LLC now owns 8,718 shares of the company’s stock worth $300,000 after purchasing an additional 367 shares in the last quarter. Finally, Harmony Asset Management LLC increased its holdings in Capital Group Core Balanced ETF by 7.0% during the 1st quarter. Harmony Asset Management LLC now owns 6,333 shares of the company’s stock worth $218,000 after purchasing an additional 414 shares in the last quarter.
Capital Group Core Balanced ETF Price Performance
CGBL opened at $37.47 on Friday. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. The business’s 50-day moving average price is $37.83 and its two-hundred day moving average price is $36.97. Capital Group Core Balanced ETF has a 1 year low of $33.67 and a 1 year high of $38.68.
Capital Group Core Balanced ETF Increases Dividend
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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