Concurrent Investment Advisors LLC Raises Position in Capital Group Core Balanced ETF $CGBL

Concurrent Investment Advisors LLC raised its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 8.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 623,389 shares of the company’s stock after acquiring an additional 50,481 shares during the period. Concurrent Investment Advisors LLC’s holdings in Capital Group Core Balanced ETF were worth $23,664,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in shares of Capital Group Core Balanced ETF by 70.1% in the 1st quarter. NewEdge Advisors LLC now owns 33,942 shares of the company’s stock worth $1,052,000 after acquiring an additional 13,986 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Capital Group Core Balanced ETF by 25.4% in the 1st quarter. Jane Street Group LLC now owns 281,274 shares of the company’s stock valued at $8,714,000 after purchasing an additional 57,029 shares during the period. Creative Planning purchased a new position in shares of Capital Group Core Balanced ETF in the 2nd quarter valued at approximately $218,000. JPMorgan Chase & Co. bought a new stake in shares of Capital Group Core Balanced ETF during the second quarter valued at approximately $269,000. Finally, Diversify Wealth Management LLC boosted its position in shares of Capital Group Core Balanced ETF by 14.0% during the second quarter. Diversify Wealth Management LLC now owns 11,911 shares of the company’s stock valued at $405,000 after purchasing an additional 1,467 shares in the last quarter.

Capital Group Core Balanced ETF Stock Up 0.5%

Shares of CGBL stock opened at $38.15 on Friday. The business’s fifty day moving average is $37.82 and its 200 day moving average is $36.91. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a twelve month low of $33.67 and a twelve month high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.1634 per share. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, June 30th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 1.7%.

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.