MGO One Seven LLC Boosts Stock Position in Capital Group Core Balanced ETF $CGBL

MGO One Seven LLC grew its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,293 shares of the company’s stock after purchasing an additional 1,900 shares during the quarter. MGO One Seven LLC’s holdings in Capital Group Core Balanced ETF were worth $1,046,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. A&I Financial Services LLC grew its holdings in shares of Capital Group Core Balanced ETF by 4.5% during the first quarter. A&I Financial Services LLC now owns 8,179 shares of the company’s stock worth $253,000 after purchasing an additional 355 shares during the last quarter. United Advisor Group LLC grew its holdings in shares of Capital Group Core Balanced ETF by 3.4% during the first quarter. United Advisor Group LLC now owns 16,894 shares of the company’s stock worth $523,000 after purchasing an additional 560 shares during the last quarter. Certior Financial Group LLC grew its holdings 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 purchasing an additional 565 shares during the last quarter. tru Independence LLC grew its holdings in shares of 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 worth $280,000 after purchasing an additional 609 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC grew its holdings in shares of Capital Group Core Balanced ETF by 8.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 8,407 shares of the company’s stock worth $260,000 after purchasing an additional 623 shares during the last quarter.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL stock opened at $34.76 on Friday. The stock’s 50-day moving average is $34.47 and its two-hundred day moving average is $32.93. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 25.37 and a beta of 0.76. Capital Group Core Balanced ETF has a 1 year low of $28.22 and a 1 year high of $35.13.

Capital Group Core Balanced ETF Increases Dividend

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

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.