PFG Advisors Acquires 32,935 Shares of Capital Group Core Balanced ETF $CGBL

PFG Advisors lifted its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 43.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,627 shares of the company’s stock after purchasing an additional 32,935 shares during the period. PFG Advisors’ holdings in Capital Group Core Balanced ETF were worth $3,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CGBL. NewEdge Advisors LLC increased its stake in shares of Capital Group Core Balanced ETF by 70.1% in the first quarter. NewEdge Advisors LLC now owns 33,942 shares of the company’s stock worth $1,052,000 after purchasing an additional 13,986 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Capital Group Core Balanced ETF by 25.4% in the first quarter. Jane Street Group LLC now owns 281,274 shares of the company’s stock worth $8,714,000 after purchasing an additional 57,029 shares in the last quarter. Creative Planning purchased a new stake in shares of Capital Group Core Balanced ETF in the second quarter worth $218,000. JPMorgan Chase & Co. purchased a new stake in shares of Capital Group Core Balanced ETF in the second quarter worth $269,000. Finally, Diversify Wealth Management LLC increased its stake in shares of Capital Group Core Balanced ETF by 14.0% in the second quarter. Diversify Wealth Management LLC now owns 11,911 shares of the company’s stock worth $405,000 after purchasing an additional 1,467 shares in the last quarter.

Capital Group Core Balanced ETF Price Performance

Shares of NYSEARCA CGBL opened at $36.36 on Wednesday. The firm has a fifty day moving average price of $35.61 and a 200-day moving average price of $35.45. The stock has a market cap of $5.88 billion, a PE ratio of 25.37 and a beta of 0.71. Capital Group Core Balanced ETF has a 1 year low of $29.68 and a 1 year high of $36.96.

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.