Smith Moore & CO. Grows Stock Position in Capital Group Core Balanced ETF (NYSEARCA:CGBL)

Smith Moore & CO. boosted its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 216.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,212 shares of the company’s stock after acquiring an additional 62,421 shares during the quarter. Smith Moore & CO.’s holdings in Capital Group Core Balanced ETF were worth $2,852,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGBL. LPL Financial LLC increased its position in shares of Capital Group Core Balanced ETF by 50.7% during the 4th quarter. LPL Financial LLC now owns 3,787,433 shares of the company’s stock worth $118,433,000 after purchasing an additional 1,274,153 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Capital Group Core Balanced ETF during the fourth quarter worth about $26,385,000. Commonwealth Equity Services LLC boosted its stake in Capital Group Core Balanced ETF by 38.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,232,842 shares of the company’s stock worth $38,551,000 after buying an additional 343,818 shares during the period. Confluence Wealth Services Inc. increased its position in shares of Capital Group Core Balanced ETF by 252.5% during the fourth quarter. Confluence Wealth Services Inc. now owns 214,999 shares of the company’s stock valued at $6,923,000 after acquiring an additional 154,001 shares during the last quarter. Finally, Endeavor Private Wealth Inc. purchased a new stake in shares of Capital Group Core Balanced ETF in the 4th quarter valued at approximately $3,842,000.

Capital Group Core Balanced ETF Stock Performance

NYSEARCA:CGBL opened at $30.27 on Friday. Capital Group Core Balanced ETF has a fifty-two week low of $27.94 and a fifty-two week high of $32.65. The company has a 50 day moving average price of $31.76 and a 200 day moving average price of $31.59. The stock has a market capitalization of $1.74 billion, a P/E ratio of 25.90 and a beta of 0.76.

Capital Group Core Balanced ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 31st were given a dividend of $0.1232 per share. The ex-dividend date was Monday, March 31st.

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.