Founders Financial Securities LLC lifted its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL – Free Report) by 12.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 315,090 shares of the company’s stock after purchasing an additional 36,024 shares during the period. Founders Financial Securities LLC owned about 0.15% of Capital Group Core Balanced ETF worth $11,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its position in shares of Capital Group Core Balanced ETF by 24.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 172,718 shares of the company’s stock valued at $6,556,000 after buying an additional 33,502 shares in the last quarter. CWS Financial Advisors LLC grew its stake in Capital Group Core Balanced ETF by 12.8% in the 1st quarter. CWS Financial Advisors LLC now owns 120,953 shares of the company’s stock valued at $4,162,000 after acquiring an additional 13,704 shares during the period. Concurrent Investment Advisors LLC grew its stake in Capital Group Core Balanced ETF by 8.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 623,389 shares of the company’s stock valued at $23,664,000 after acquiring an additional 50,481 shares during the period. Koshinski Asset Management Inc. grew its stake in Capital Group Core Balanced ETF by 17.0% in the 1st quarter. Koshinski Asset Management Inc. now owns 136,129 shares of the company’s stock valued at $4,684,000 after acquiring an additional 19,819 shares during the period. Finally, Worth Asset Management LLC increased its holdings in Capital Group Core Balanced ETF by 6.7% in the 2nd quarter. Worth Asset Management LLC now owns 209,524 shares of the company’s stock worth $7,954,000 after acquiring an additional 13,200 shares in the last quarter.
Capital Group Core Balanced ETF Stock Performance
Shares of NYSEARCA CGBL opened at $37.09 on Friday. The firm has a fifty day moving average of $37.40 and a 200 day moving average of $36.89. The firm has a market cap of $7.90 billion, a PE ratio of 25.37 and a beta of 0.70. Capital Group Core Balanced ETF has a one year low of $33.67 and a one year high of $38.68.
Capital Group Core Balanced ETF Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a $0.2056 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.2%. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634. 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.
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