19,705 Capital Group Core Balanced ETF $CGBL Shares Acquired by Carson Advisory Inc.

Carson Advisory Inc. raised its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 38.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 70,717 shares of the company’s stock after buying an additional 19,705 shares during the period. Capital Group Core Balanced ETF makes up 1.2% of Carson Advisory Inc.’s investment portfolio, making the stock its 21st biggest position. Carson Advisory Inc.’s holdings in Capital Group Core Balanced ETF were worth $2,599,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Parkside Financial Bank & Trust acquired a new position in shares of Capital Group Core Balanced ETF during the second quarter worth $33,000. North Star Investment Management Corp. bought a new position in shares of Capital Group Core Balanced ETF in the 3rd quarter valued at $74,000. CX Institutional bought a new position in shares of Capital Group Core Balanced ETF in the 3rd quarter valued at $78,000. CoreCap Advisors LLC boosted its holdings in shares of Capital Group Core Balanced ETF by 130.9% during the 3rd quarter. CoreCap Advisors LLC now owns 2,122 shares of the company’s stock valued at $78,000 after acquiring an additional 1,203 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of Capital Group Core Balanced ETF during the 3rd quarter valued at $156,000.

Capital Group Core Balanced ETF Stock Down 0.2%

Shares of CGBL stock opened at $36.95 on Friday. The firm has a market capitalization of $8.00 billion, a P/E ratio of 25.37 and a beta of 0.70. Capital Group Core Balanced ETF has a twelve month low of $33.67 and a twelve month high of $38.68. The stock’s fifty day simple moving average is $37.13 and its 200 day simple moving average is $36.92.

Capital Group Core Balanced ETF Increases Dividend

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