J. Derek Lewis & Associates Inc. Acquires Shares of 1,146,334 Capital Group Core Balanced ETF $CGBL

J. Derek Lewis & Associates Inc. bought a new position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,146,334 shares of the company’s stock, valued at approximately $40,500,000. Capital Group Core Balanced ETF accounts for about 9.5% of J. Derek Lewis & Associates Inc.’s investment portfolio, making the stock its largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC grew its holdings in shares of Capital Group Core Balanced ETF by 1.1% in the fourth quarter. Kestra Investment Management LLC now owns 25,411 shares of the company’s stock worth $898,000 after purchasing an additional 276 shares during the last quarter. Vermillion & White Wealth Management Group LLC lifted its holdings in Capital Group Core Balanced ETF by 3.3% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 9,004 shares of the company’s stock valued at $318,000 after buying an additional 286 shares in the last quarter. Allworth Financial LP lifted its holdings in Capital Group Core Balanced ETF by 6.7% during the 3rd quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock valued at $173,000 after buying an additional 311 shares in the last quarter. Beacon Financial Advisory LLC boosted its position in Capital Group Core Balanced ETF by 0.8% in the 4th quarter. Beacon Financial Advisory LLC now owns 43,297 shares of the company’s stock valued at $1,530,000 after buying an additional 337 shares during the period. Finally, High Falls Advisors Inc grew its stake in Capital Group Core Balanced ETF by 4.5% in the 4th quarter. High Falls Advisors Inc now owns 10,064 shares of the company’s stock worth $356,000 after acquiring an additional 429 shares in the last quarter.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL stock opened at $38.06 on Friday. The company has a market capitalization of $6.33 billion, a P/E ratio of 25.37 and a beta of 0.69. The company’s 50-day simple moving average is $37.09 and its two-hundred day simple moving average is $36.15. Capital Group Core Balanced ETF has a one year low of $32.46 and a one year high of $38.20.

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.