GPS Wealth Strategies Group LLC Raises Holdings in Capital Group Core Balanced ETF $CGBL

GPS Wealth Strategies Group LLC grew its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 26.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,010 shares of the company’s stock after buying an additional 10,332 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Capital Group Core Balanced ETF were worth $1,639,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC lifted its position in shares of Capital Group Core Balanced ETF by 106.9% during the 2nd quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock valued at $46,000 after buying an additional 709 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Capital Group Core Balanced ETF during the 1st quarter valued at $75,000. Allworth Financial LP raised its stake in shares of Capital Group Core Balanced ETF by 30.5% during the 1st quarter. Allworth Financial LP now owns 4,276 shares of the company’s stock valued at $131,000 after purchasing an additional 1,000 shares during the period. Financial Perspectives Inc boosted its stake in Capital Group Core Balanced ETF by 225.9% in the 2nd quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock worth $195,000 after purchasing an additional 4,035 shares during the period. Finally, Savvy Advisors Inc. bought a new position in Capital Group Core Balanced ETF in the 2nd quarter worth about $203,000.

Capital Group Core Balanced ETF Stock Down 0.7%

CGBL stock opened at $34.52 on Wednesday. The firm has a market capitalization of $3.73 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a twelve month low of $28.22 and a twelve month high of $35.42. The stock has a 50-day simple moving average of $34.74 and a two-hundred day simple moving average of $33.45.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were issued a dividend of $0.1857 per share. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.74 dividend on an annualized basis and a yield of 2.2%.

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.