Capital Group Core Balanced ETF $CGBL Shares Acquired by Westside Investment Management Inc.

Westside Investment Management Inc. lifted its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 10.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 223,227 shares of the company’s stock after buying an additional 21,554 shares during the period. Capital Group Core Balanced ETF accounts for approximately 1.0% of Westside Investment Management Inc.’s portfolio, making the stock its 20th largest holding. Westside Investment Management Inc. owned approximately 0.10% of Capital Group Core Balanced ETF worth $8,204,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers grew its stake in Capital Group Core Balanced ETF by 21.8% in the 1st quarter. Cetera Investment Advisers now owns 4,048,725 shares of the company’s stock worth $139,317,000 after acquiring an additional 723,471 shares during the period. Commonwealth Equity Services LLC raised its holdings in Capital Group Core Balanced ETF by 12.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,910,516 shares of the company’s stock valued at $143,711,000 after acquiring an additional 426,969 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Capital Group Core Balanced ETF by 16.2% during the 1st quarter. Royal Bank of Canada now owns 2,335,514 shares of the company’s stock worth $80,364,000 after purchasing an additional 326,314 shares during the period. Kestra Advisory Services LLC lifted its stake in shares of Capital Group Core Balanced ETF by 15.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 2,022,707 shares of the company’s stock worth $74,334,000 after purchasing an additional 264,114 shares during the period. Finally, J. Derek Lewis & Associates Inc. lifted its stake in shares of Capital Group Core Balanced ETF by 7.9% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 1,236,940 shares of the company’s stock worth $42,618,000 after purchasing an additional 90,606 shares during the period.

Capital Group Core Balanced ETF Stock Down 2.3%

CGBL stock opened at $36.41 on Friday. Capital Group Core Balanced ETF has a 52-week low of $33.67 and a 52-week high of $38.68. The stock’s fifty day simple moving average is $37.26 and its 200-day simple moving average is $36.90. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 25.37 and a beta of 0.70.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a $0.2056 dividend. The ex-dividend date was Wednesday, September 30th. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634. This represents a $0.82 annualized dividend and a yield of 2.3%.

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.