Capital Group Core Balanced ETF $CGBL Stock Acquired by Forge Financial Services LLC

Forge Financial Services LLC increased its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,071,446 shares of the company’s stock after acquiring an additional 228,814 shares during the period. Capital Group Core Balanced ETF makes up 12.8% of Forge Financial Services LLC’s portfolio, making the stock its 4th biggest position. Forge Financial Services LLC owned approximately 1.89% of Capital Group Core Balanced ETF worth $149,748,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Carson Advisory Inc. increased its stake in shares of Capital Group Core Balanced ETF by 38.6% in the third quarter. Carson Advisory Inc. now owns 70,717 shares of the company’s stock valued at $2,599,000 after purchasing an additional 19,705 shares during the period. Valmark Advisers Inc. raised its stake in Capital Group Core Balanced ETF by 13.4% during the 3rd quarter. Valmark Advisers Inc. now owns 357,319 shares of the company’s stock valued at $13,131,000 after acquiring an additional 42,359 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Capital Group Core Balanced ETF by 3.6% in the third quarter. Fifth Third Bancorp now owns 100,948 shares of the company’s stock worth $3,710,000 after purchasing an additional 3,553 shares during the period. Endeavor Private Wealth Inc. raised its position in shares of Capital Group Core Balanced ETF by 2.0% during the 3rd quarter. Endeavor Private Wealth Inc. now owns 217,001 shares of the company’s stock worth $8,019,000 after buying an additional 4,355 shares in the last quarter. Finally, Jacobi Capital Management LLC lifted its stake in shares of Capital Group Core Balanced ETF by 17.6% in the 3rd quarter. Jacobi Capital Management LLC now owns 15,372 shares of the company’s stock worth $565,000 after acquiring an additional 2,300 shares during the period.

Capital Group Core Balanced ETF Price Performance

Shares of Capital Group Core Balanced ETF stock traded down $0.09 on Friday, hitting $36.95. The company had a trading volume of 1,076,376 shares, compared to its average volume of 1,491,384. The business has a 50-day simple moving average of $37.13 and a 200-day simple moving average of $36.92. The company has a market cap of $8.04 billion, a PE ratio of 25.37 and a beta of 0.71. Capital Group Core Balanced ETF has a 52 week low of $33.67 and a 52 week high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were given a $0.2056 dividend. This represents a $0.82 dividend on an annualized basis and a 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.

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.