Sun Financial Inc Invests $1.42 Million in Capital Group Core Balanced ETF $CGBL

Sun Financial Inc purchased a new position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 40,071 shares of the company’s stock, valued at approximately $1,416,000.

Several other large investors also recently modified their holdings of CGBL. Aprio Wealth Management LLC purchased a new stake in shares of Capital Group Core Balanced ETF during the 4th quarter worth approximately $63,960,000. Envestnet Asset Management Inc. boosted its holdings in Capital Group Core Balanced ETF by 31.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock worth $189,156,000 after buying an additional 1,307,832 shares during the period. Raymond James Financial Inc. boosted its holdings in Capital Group Core Balanced ETF by 75.6% in the 2nd quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock worth $61,488,000 after buying an additional 791,376 shares during the period. Jones Financial Companies Lllp boosted its holdings in Capital Group Core Balanced ETF by 56.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,009,987 shares of the company’s stock worth $35,198,000 after buying an additional 365,941 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its holdings in Capital Group Core Balanced ETF by 72.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 843,949 shares of the company’s stock worth $29,817,000 after buying an additional 354,864 shares during the period.

Capital Group Core Balanced ETF Stock Performance

CGBL opened at $36.68 on Monday. The company has a 50 day moving average of $35.66 and a 200 day moving average of $35.54. The company has a market cap of $6.10 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 12 month low of $31.00 and a 12 month high of $36.96.

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. CGBL was launched on Sep 26, 2023 and is issued by Capital Group.