Harbour Investments Inc. Increases Stock Position in Capital Group Core Balanced ETF (NYSEARCA:CGBL)

Harbour Investments Inc. boosted its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 21.4% during the fourth quarter, HoldingsChannel reports. The firm owned 270,602 shares of the company’s stock after buying an additional 47,745 shares during the period. Harbour Investments Inc.’s holdings in Capital Group Core Balanced ETF were worth $8,462,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CGBL. Global Retirement Partners LLC grew its holdings in shares of Capital Group Core Balanced ETF by 420.8% in the fourth quarter. Global Retirement Partners LLC now owns 2,484 shares of the company’s stock worth $78,000 after purchasing an additional 2,007 shares during the last quarter. Hobbs Group Advisors LLC grew its holdings in shares of Capital Group Core Balanced ETF by 257.4% in the third quarter. Hobbs Group Advisors LLC now owns 3,217 shares of the company’s stock worth $100,000 after purchasing an additional 2,317 shares during the last quarter. Allworth Financial LP bought a new position in shares of Capital Group Core Balanced ETF in the fourth quarter worth approximately $105,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Capital Group Core Balanced ETF by 39.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,382 shares of the company’s stock valued at $106,000 after acquiring an additional 962 shares in the last quarter. Finally, Tudor Financial Inc. bought a new stake in Capital Group Core Balanced ETF in the fourth quarter valued at $202,000.

Capital Group Core Balanced ETF Stock Up 1.1 %

NYSEARCA:CGBL opened at $31.15 on Friday. The stock has a market cap of $1.73 billion, a P/E ratio of 26.49 and a beta of 0.76. The firm’s fifty day simple moving average is $31.84 and its 200 day simple moving average is $31.51. Capital Group Core Balanced ETF has a twelve month low of $27.94 and a twelve month high of $32.65.

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.