Private Client Services LLC Raises Holdings in Capital Group Core Balanced ETF $CGBL

Private Client Services LLC increased its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 36.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,591 shares of the company’s stock after purchasing an additional 28,924 shares during the quarter. Capital Group Core Balanced ETF makes up about 1.1% of Private Client Services LLC’s portfolio, making the stock its 20th biggest position. Private Client Services LLC owned approximately 0.05% of Capital Group Core Balanced ETF worth $3,991,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its stake in shares of Capital Group Core Balanced ETF by 24.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 172,718 shares of the company’s stock worth $6,556,000 after acquiring an additional 33,502 shares in the last quarter. Capital Analysts LLC boosted its position in Capital Group Core Balanced ETF by 112.6% in the 2nd quarter. Capital Analysts LLC now owns 116,614 shares of the company’s stock worth $4,427,000 after purchasing an additional 61,761 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Capital Group Core Balanced ETF by 21.0% during the second quarter. Integrated Wealth Concepts LLC now owns 274,113 shares of the company’s stock valued at $10,405,000 after buying an additional 47,582 shares during the period. RFG Advisory LLC grew its position in shares of Capital Group Core Balanced ETF by 4.2% during the 2nd quarter. RFG Advisory LLC now owns 92,604 shares of the company’s stock valued at $3,515,000 after acquiring an additional 3,716 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of Capital Group Core Balanced ETF by 26.5% in the second quarter. NewEdge Advisors LLC now owns 491,913 shares of the company’s stock valued at $18,673,000 after buying an additional 102,911 shares in the last quarter.

Capital Group Core Balanced ETF Stock Up 0.4%

Shares of NYSEARCA CGBL traded up $0.17 during trading on Friday, hitting $36.95. The company had a trading volume of 752,555 shares, compared to its average volume of 1,518,604. Capital Group Core Balanced ETF has a fifty-two week low of $33.67 and a fifty-two week high of $38.68. The stock has a fifty day simple moving average of $37.78 and a two-hundred day simple moving average of $37.10. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a $0.2056 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.2%. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634. The ex-dividend date was Wednesday, September 30th.

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.