Capital Group Core Balanced ETF $CGBL Stock: LongView Wealth Management Increases Stake

LongView Wealth Management increased its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 10.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 305,085 shares of the company’s stock after buying an additional 28,615 shares during the quarter. Capital Group Core Balanced ETF makes up about 2.7% of LongView Wealth Management’s holdings, making the stock its 8th largest holding. LongView Wealth Management’s holdings in Capital Group Core Balanced ETF were worth $11,212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust purchased a new position in Capital Group Core Balanced ETF during the second quarter valued at approximately $33,000. Anchor Investment Management LLC bought a new position in shares of Capital Group Core Balanced ETF in the first quarter worth approximately $43,000. CX Institutional purchased a new stake in shares of Capital Group Core Balanced ETF in the third quarter worth $78,000. CoreCap Advisors LLC increased its stake in shares of Capital Group Core Balanced ETF by 130.9% in the third quarter. CoreCap Advisors LLC now owns 2,122 shares of the company’s stock worth $78,000 after purchasing an additional 1,203 shares in the last quarter. Finally, One Day In July LLC purchased a new stake in shares of Capital Group Core Balanced ETF in the first quarter worth $202,000.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL stock traded up $0.03 on Monday, hitting $36.88. 492,292 shares of the stock traded hands, compared to its average volume of 1,496,890. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 25.37 and a beta of 0.70. Capital Group Core Balanced ETF has a 52 week low of $33.67 and a 52 week high of $38.68. The firm has a 50 day simple moving average of $37.66 and a two-hundred day simple moving average of $37.30.

Capital Group Core Balanced ETF Increases Dividend

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

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.