Capital Group Core Balanced ETF $CGBL Shares Acquired by AdvisorNet Financial Inc

AdvisorNet Financial Inc increased its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 7.6% during the third quarter, HoldingsChannel.com reports. The fund owned 292,029 shares of the company’s stock after acquiring an additional 20,572 shares during the period. AdvisorNet Financial Inc’s holdings in Capital Group Core Balanced ETF were worth $10,752,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Simplicity Wealth LLC boosted its holdings in Capital Group Core Balanced ETF by 4.4% in the 1st quarter. Simplicity Wealth LLC now owns 8,718 shares of the company’s stock valued at $300,000 after purchasing an additional 367 shares during the period. Harmony Asset Management LLC grew its position in shares of Capital Group Core Balanced ETF by 7.0% during the 1st quarter. Harmony Asset Management LLC now owns 6,333 shares of the company’s stock valued at $218,000 after purchasing an additional 414 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of Capital Group Core Balanced ETF by 4.6% during the 1st quarter. Sanctuary Advisors LLC now owns 9,556 shares of the company’s stock valued at $329,000 after purchasing an additional 416 shares in the last quarter. Summit Global Investments grew its position in shares of Capital Group Core Balanced ETF by 2.7% during the 1st quarter. Summit Global Investments now owns 16,149 shares of the company’s stock valued at $556,000 after purchasing an additional 426 shares in the last quarter. Finally, Balboa Wealth Partners grew its position in shares of Capital Group Core Balanced ETF by 3.1% during the 1st quarter. Balboa Wealth Partners now owns 16,625 shares of the company’s stock valued at $572,000 after purchasing an additional 503 shares in the last quarter.

Capital Group Core Balanced ETF Stock Performance

Capital Group Core Balanced ETF stock opened at $37.09 on Friday. The stock has a market cap of $7.81 billion, a P/E ratio of 25.37 and a beta of 0.70. Capital Group Core Balanced ETF has a fifty-two week low of $33.67 and a fifty-two week high of $38.68. The firm’s fifty day moving average price is $37.69 and its 200-day moving average price is $37.28.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a dividend of $0.2056 per share. This is a positive change 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 of this dividend 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.