Capital Group Core Balanced ETF $CGBL Stake Raised by Capital Analysts LLC

Capital Analysts LLC lifted its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 112.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 116,614 shares of the company’s stock after buying an additional 61,761 shares during the period. Capital Analysts LLC’s holdings in Capital Group Core Balanced ETF were worth $4,427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC increased its position in Capital Group Core Balanced ETF by 27.7% in the 4th quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock valued at $444,300,000 after acquiring an additional 2,726,819 shares during the period. Advance Capital Management Inc. grew its stake in shares of Capital Group Core Balanced ETF by 27.6% in the first quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock worth $412,022,000 after purchasing an additional 2,588,189 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Capital Group Core Balanced ETF by 191.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock valued at $163,300,000 after purchasing an additional 3,033,933 shares during the period. Morgan Stanley raised its stake in shares of Capital Group Core Balanced ETF by 17.0% during the fourth quarter. Morgan Stanley now owns 4,062,395 shares of the company’s stock valued at $143,524,000 after purchasing an additional 590,373 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Capital Group Core Balanced ETF by 21.8% during the first quarter. Cetera Investment Advisers now owns 4,048,725 shares of the company’s stock valued at $139,317,000 after purchasing an additional 723,471 shares in the last quarter.

Capital Group Core Balanced ETF Stock Down 0.5%

CGBL stock opened at $37.84 on Thursday. The company has a 50-day simple moving average of $37.84 and a 200 day simple moving average of $36.96. The company has a market capitalization of $7.31 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a fifty-two week low of $33.67 and a fifty-two week high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were given a dividend of $0.1634 per share. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, June 30th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 1.7%.

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.