Gerber Kawasaki Wealth & Investment Management Has $2.30 Million Stake in Capital Group Core Balanced ETF $CGBL

Gerber Kawasaki Wealth & Investment Management raised its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 25.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 74,190 shares of the company’s stock after purchasing an additional 15,103 shares during the period. Gerber Kawasaki Wealth & Investment Management owned approximately 0.12% of Capital Group Core Balanced ETF worth $2,298,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Financial Perspectives Inc purchased a new position in shares of Capital Group Core Balanced ETF in the 1st quarter worth approximately $55,000. Capital A Wealth Management LLC purchased a new position in shares of Capital Group Core Balanced ETF in the 4th quarter worth approximately $64,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Capital Group Core Balanced ETF in the 1st quarter worth approximately $75,000. Allworth Financial LP boosted its stake in shares of Capital Group Core Balanced ETF by 30.5% in the 1st quarter. Allworth Financial LP now owns 4,276 shares of the company’s stock worth $131,000 after buying an additional 1,000 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Capital Group Core Balanced ETF by 39.2% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,709 shares of the company’s stock worth $146,000 after buying an additional 1,327 shares during the last quarter.

Capital Group Core Balanced ETF Stock Up 0.1%

Shares of NYSEARCA CGBL opened at $34.10 on Thursday. Capital Group Core Balanced ETF has a twelve month low of $28.22 and a twelve month high of $34.17. The stock’s 50 day moving average price is $33.64 and its 200-day moving average price is $32.19. The company has a market capitalization of $2.78 billion, a PE ratio of 25.37 and a beta of 0.76.

Capital Group Core Balanced ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 30th were paid a $0.1645 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, June 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.