Jones Financial Companies Lllp Buys 365,941 Shares of Capital Group Core Balanced ETF $CGBL

Jones Financial Companies Lllp boosted its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 56.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,009,987 shares of the company’s stock after buying an additional 365,941 shares during the period. Jones Financial Companies Lllp owned approximately 0.93% of Capital Group Core Balanced ETF worth $35,198,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CGBL. Creekside Partners boosted its position in shares of Capital Group Core Balanced ETF by 230.6% during the third quarter. Creekside Partners now owns 41,185 shares of the company’s stock valued at $1,430,000 after buying an additional 28,729 shares during the last quarter. DAVENPORT & Co LLC raised its position in Capital Group Core Balanced ETF by 32.8% in the 3rd quarter. DAVENPORT & Co LLC now owns 62,680 shares of the company’s stock worth $2,176,000 after buying an additional 15,494 shares during the last quarter. Capital Management Associates Inc lifted its stake in Capital Group Core Balanced ETF by 18.9% during the 3rd quarter. Capital Management Associates Inc now owns 221,459 shares of the company’s stock valued at $7,689,000 after acquiring an additional 35,270 shares during the period. Stephens Inc. AR purchased a new stake in shares of Capital Group Core Balanced ETF during the 2nd quarter valued at about $391,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Capital Group Core Balanced ETF during the 2nd quarter valued at about $12,843,000.

Capital Group Core Balanced ETF Stock Up 0.4%

CGBL opened at $36.19 on Tuesday. The firm has a 50 day moving average price of $35.71 and a 200-day moving average price of $34.88. Capital Group Core Balanced ETF has a twelve month low of $28.22 and a twelve month high of $36.55. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

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

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.