Kingsview Wealth Management LLC Sells 3,880 Shares of Capital Group Core Balanced ETF $CGBL

Kingsview Wealth Management LLC reduced its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 12.3% in the second quarter, HoldingsChannel reports. The firm owned 27,787 shares of the company’s stock after selling 3,880 shares during the period. Kingsview Wealth Management LLC’s holdings in Capital Group Core Balanced ETF were worth $929,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in shares of Capital Group Core Balanced ETF by 9.1% during the 2nd quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock worth $156,000 after buying an additional 390 shares in the last quarter. Certior Financial Group LLC boosted its stake in Capital Group Core Balanced ETF by 4.9% during the first quarter. Certior Financial Group LLC now owns 12,152 shares of the company’s stock worth $376,000 after acquiring an additional 565 shares in the last quarter. tru Independence LLC grew its holdings in 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 purchasing an additional 609 shares during the period. Opal Wealth Advisors LLC grew its holdings in Capital Group Core Balanced ETF by 106.9% in the second quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock worth $46,000 after purchasing an additional 709 shares during the period. Finally, Bridgewealth Advisory Group LLC increased its stake in Capital Group Core Balanced ETF by 6.0% in the second quarter. Bridgewealth Advisory Group LLC now owns 16,631 shares of the company’s stock valued at $556,000 after purchasing an additional 935 shares in the last quarter.

Capital Group Core Balanced ETF Trading Down 0.9%

Shares of NYSEARCA CGBL opened at $34.03 on Friday. The firm has a market capitalization of $3.69 billion, a P/E ratio of 25.37 and a beta of 0.69. The firm’s 50-day moving average price is $34.79 and its 200-day moving average price is $33.74. Capital Group Core Balanced ETF has a 1-year low of $28.22 and a 1-year high of $35.42.

Capital Group Core Balanced ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were issued a $0.1857 dividend. The ex-dividend date was Tuesday, September 30th. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16. This represents a $0.74 annualized dividend and a yield of 2.2%.

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.