NWF Advisory Services Inc. Raises Stock Holdings in Capital Group Core Balanced ETF $CGBL

NWF Advisory Services Inc. boosted its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 90.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,565 shares of the company’s stock after acquiring an additional 16,441 shares during the quarter. NWF Advisory Services Inc.’s holdings in Capital Group Core Balanced ETF were worth $1,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC boosted its stake in shares of Capital Group Core Balanced ETF by 4.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 8,120 shares of the company’s stock valued at $272,000 after purchasing an additional 319 shares during the period. Allworth Financial LP boosted its position in Capital Group Core Balanced ETF by 9.1% in the 2nd quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock valued at $156,000 after buying an additional 390 shares during the period. Bridgewealth Advisory Group LLC grew its stake in Capital Group Core Balanced ETF by 3.5% in the 3rd quarter. Bridgewealth Advisory Group LLC now owns 17,209 shares of the company’s stock worth $598,000 after acquiring an additional 578 shares in the last quarter. Spinnaker Investment Group LLC increased its position in shares of Capital Group Core Balanced ETF by 6.9% during the third quarter. Spinnaker Investment Group LLC now owns 13,403 shares of the company’s stock worth $465,000 after acquiring an additional 862 shares during the period. Finally, Visionary Wealth Advisors raised its stake in shares of Capital Group Core Balanced ETF by 6.7% during the second quarter. Visionary Wealth Advisors now owns 18,078 shares of the company’s stock valued at $605,000 after acquiring an additional 1,129 shares in the last quarter.

Capital Group Core Balanced ETF Stock Up 0.4%

Shares of NYSEARCA:CGBL opened at $36.39 on Tuesday. The business’s 50 day moving average is $35.51 and its 200 day moving average is $34.78. The stock has a market cap of $4.78 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 52-week low of $28.22 and a 52-week high of $36.43.

Capital Group Core Balanced ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a dividend of $0.2251 per share. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, December 26th.

Capital Group Core Balanced ETF Company 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.