Capital Management Associates Inc Sells 126,605 Shares of Capital Group Core Balanced ETF $CGBL

Capital Management Associates Inc trimmed its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 40.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 186,189 shares of the company’s stock after selling 126,605 shares during the quarter. Capital Group Core Balanced ETF accounts for approximately 2.0% of Capital Management Associates Inc’s holdings, making the stock its 13th biggest holding. Capital Management Associates Inc owned about 0.23% of Capital Group Core Balanced ETF worth $6,226,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. A&I Financial Services LLC increased its stake in shares of Capital Group Core Balanced ETF by 4.5% in the first quarter. A&I Financial Services LLC now owns 8,179 shares of the company’s stock worth $253,000 after buying an additional 355 shares during the period. Tennessee Valley Asset Management Partners increased its stake in shares of Capital Group Core Balanced ETF by 3.6% in the first quarter. Tennessee Valley Asset Management Partners now owns 15,925 shares of the company’s stock worth $493,000 after buying an additional 555 shares during the period. United Advisor Group LLC increased its stake in shares of Capital Group Core Balanced ETF by 3.4% in the first quarter. United Advisor Group LLC now owns 16,894 shares of the company’s stock worth $523,000 after buying an additional 560 shares during the period. Certior Financial Group LLC increased its stake in shares of Capital Group Core Balanced ETF by 4.9% in the first quarter. Certior Financial Group LLC now owns 12,152 shares of the company’s stock worth $376,000 after buying an additional 565 shares during the period. Finally, tru Independence LLC increased its stake in shares of Capital Group Core Balanced ETF by 7.8% in the second quarter. tru Independence LLC now owns 8,370 shares of the company’s stock worth $280,000 after buying an additional 609 shares during the period.

Capital Group Core Balanced ETF Stock Up 0.3%

Shares of NYSEARCA CGBL opened at $34.99 on Thursday. Capital Group Core Balanced ETF has a 52 week low of $28.22 and a 52 week high of $35.08. The firm’s fifty day moving average is $34.33 and its 200 day moving average is $32.79. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 25.37 and a beta of 0.76.

Capital Group Core Balanced ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were given a dividend of $0.1857 per share. This represents a $0.74 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 30th. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16.

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.