Accel Wealth Management Raises Stock Holdings in Capital Group Core Balanced ETF $CGBL

Accel Wealth Management lifted its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 184.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 60,453 shares of the company’s stock after purchasing an additional 39,200 shares during the quarter. Accel Wealth Management’s holdings in Capital Group Core Balanced ETF were worth $2,295,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Anchor Investment Management LLC bought a new position in shares of Capital Group Core Balanced ETF during the 1st quarter valued at approximately $43,000. US Bancorp DE raised its stake in Capital Group Core Balanced ETF by 204.6% during the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock worth $57,000 after acquiring an additional 1,105 shares during the period. Creative Financial Designs Inc. ADV raised its stake in Capital Group Core Balanced ETF by 77.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock worth $81,000 after acquiring an additional 1,006 shares during the period. Godfrey Financial Associates Inc. purchased a new position in Capital Group Core Balanced ETF during the fourth quarter valued at approximately $84,000. Finally, Cascades Capital Asset Management LLC purchased a new position in Capital Group Core Balanced ETF during the fourth quarter valued at approximately $102,000.

Capital Group Core Balanced ETF Price Performance

CGBL opened at $38.34 on Wednesday. The firm has a market cap of $7.41 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 1-year low of $33.56 and a 1-year high of $38.42. The company has a 50 day simple moving average of $37.61 and a two-hundred day simple moving average of $36.67.

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.