Gerber Kawasaki Wealth & Investment Management Buys 17,182 Shares of Capital Group Core Balanced ETF $CGBL

Gerber Kawasaki Wealth & Investment Management lifted its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 16.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 123,671 shares of the company’s stock after acquiring an additional 17,182 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in Capital Group Core Balanced ETF were worth $4,369,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Kestra Investment Management LLC lifted its position in shares of Capital Group Core Balanced ETF by 1.1% during the 4th quarter. Kestra Investment Management LLC now owns 25,411 shares of the company’s stock worth $898,000 after purchasing an additional 276 shares during the last quarter. Allworth Financial LP lifted its position in shares of Capital Group Core Balanced ETF by 6.7% during the 3rd quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock worth $173,000 after purchasing an additional 311 shares during the last quarter. Balboa Wealth Partners lifted its position in shares of Capital Group Core Balanced ETF by 2.3% during the 3rd quarter. Balboa Wealth Partners now owns 15,065 shares of the company’s stock worth $523,000 after purchasing an additional 342 shares during the last quarter. Carson Advisory Inc. lifted its position in shares of Capital Group Core Balanced ETF by 3.8% during the 3rd quarter. Carson Advisory Inc. now owns 13,575 shares of the company’s stock worth $471,000 after purchasing an additional 500 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC lifted its position in shares of Capital Group Core Balanced ETF by 4.4% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 11,937 shares of the company’s stock worth $422,000 after purchasing an additional 500 shares during the last quarter.

Capital Group Core Balanced ETF Stock Performance

NYSEARCA CGBL opened at $37.50 on Friday. Capital Group Core Balanced ETF has a twelve month low of $32.46 and a twelve month high of $38.05. The stock has a market capitalization of $6.24 billion, a PE ratio of 25.37 and a beta of 0.69. The stock has a 50-day simple moving average of $36.79 and a 200 day simple moving average of $36.05.

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.