Great Valley Advisor Group Inc. Has $11.51 Million Position in Capital Group Core Balanced ETF $CGBL

Great Valley Advisor Group Inc. grew its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 25.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 344,272 shares of the company’s stock after buying an additional 69,628 shares during the quarter. Great Valley Advisor Group Inc. owned 0.42% of Capital Group Core Balanced ETF worth $11,513,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGBL. Opal Wealth Advisors LLC increased its stake 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 valued at $46,000 after acquiring an additional 709 shares during the period. Allworth Financial LP boosted its holdings in Capital Group Core Balanced ETF by 9.1% during the second quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock valued at $156,000 after purchasing an additional 390 shares in the last quarter. Financial Perspectives Inc grew its stake in shares of Capital Group Core Balanced ETF by 225.9% in the 2nd quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock valued at $195,000 after purchasing an additional 4,035 shares during the period. Savvy Advisors Inc. acquired a new position in shares of Capital Group Core Balanced ETF in the 2nd quarter worth approximately $203,000. Finally, Onyx Bridge Wealth Group LLC acquired a new position in shares of Capital Group Core Balanced ETF in the 2nd quarter worth approximately $210,000.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL stock opened at $35.35 on Friday. The stock’s fifty day simple moving average is $34.89 and its 200 day simple moving average is $34.13. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a one year low of $28.22 and a one year high of $35.76.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were paid a $0.1857 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.74 annualized dividend and a dividend yield of 2.1%. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16.

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.