KWB Wealth Raises Stock Position in Capital Group Core Balanced ETF $CGBL

KWB Wealth raised its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 57.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 365,843 shares of the company’s stock after acquiring an additional 133,472 shares during the quarter. Capital Group Core Balanced ETF makes up about 1.3% of KWB Wealth’s investment portfolio, making the stock its 15th biggest position. KWB Wealth’s holdings in Capital Group Core Balanced ETF were worth $12,234,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. NWF Advisory Services Inc. raised its stake in Capital Group Core Balanced ETF by 1.7% during the 2nd quarter. NWF Advisory Services Inc. now owns 18,124 shares of the company’s stock valued at $606,000 after purchasing an additional 309 shares during the period. Vermillion & White Wealth Management Group LLC raised its position in shares of Capital Group Core Balanced ETF by 4.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 8,120 shares of the company’s stock valued at $272,000 after buying an additional 319 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Capital Group Core Balanced ETF by 9.1% in the second quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock worth $156,000 after buying an additional 390 shares in the last quarter. Certior Financial Group LLC boosted its position in shares of Capital Group Core Balanced ETF by 4.9% during the first quarter. Certior Financial Group LLC now owns 12,152 shares of the company’s stock worth $376,000 after acquiring an additional 565 shares during the last quarter. Finally, tru Independence LLC grew its stake in Capital Group Core Balanced ETF by 7.8% during the second quarter. tru Independence LLC now owns 8,370 shares of the company’s stock valued at $280,000 after acquiring an additional 609 shares in the last quarter.

Capital Group Core Balanced ETF Stock Down 0.8%

CGBL opened at $34.98 on Thursday. The company has a market capitalization of $3.80 billion, a PE ratio of 25.37 and a beta of 0.69. The firm has a 50-day simple moving average of $34.90 and a two-hundred day simple moving average of $34.21. Capital Group Core Balanced ETF has a 52 week low of $28.22 and a 52 week high of $35.76.

Capital Group Core Balanced ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.1857 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.74 annualized dividend and a yield of 2.1%. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16.

Capital Group Core Balanced ETF 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.