Essex Financial Services Inc. Buys 28,715 Shares of Capital Group Core Balanced ETF $CGBL

Essex Financial Services Inc. boosted its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 21.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,619 shares of the company’s stock after purchasing an additional 28,715 shares during the quarter. Essex Financial Services Inc.’s holdings in Capital Group Core Balanced ETF were worth $5,781,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CGBL. Aprio Wealth Management LLC purchased a new stake in Capital Group Core Balanced ETF during the fourth quarter valued at $63,960,000. Envestnet Asset Management Inc. raised its stake in Capital Group Core Balanced ETF by 31.6% during the third quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock valued at $189,156,000 after purchasing an additional 1,307,832 shares in the last quarter. Raymond James Financial Inc. raised its stake in Capital Group Core Balanced ETF by 75.6% during the second quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock valued at $61,488,000 after purchasing an additional 791,376 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Capital Group Core Balanced ETF by 56.8% during the third quarter. Jones Financial Companies Lllp now owns 1,009,987 shares of the company’s stock valued at $35,198,000 after purchasing an additional 365,941 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in Capital Group Core Balanced ETF by 72.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 843,949 shares of the company’s stock valued at $29,817,000 after purchasing an additional 354,864 shares in the last quarter.

Capital Group Core Balanced ETF Stock Up 0.3%

Capital Group Core Balanced ETF stock opened at $37.84 on Friday. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. The firm’s fifty day moving average is $36.17 and its 200 day moving average is $35.85. Capital Group Core Balanced ETF has a 52-week low of $31.97 and a 52-week high of $37.90.

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