First Heartland Consultants Inc. Increases Holdings in Capital Group Core Balanced ETF $CGBL

First Heartland Consultants Inc. raised its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 36.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,516 shares of the company’s stock after purchasing an additional 35,836 shares during the quarter. First Heartland Consultants Inc.’s holdings in Capital Group Core Balanced ETF were worth $4,717,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Advance Capital Management Inc. boosted its position in shares of Capital Group Core Balanced ETF by 242.6% in the third quarter. Advance Capital Management Inc. now owns 9,275,964 shares of the company’s stock worth $322,061,000 after buying an additional 6,568,560 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Capital Group Core Balanced ETF by 31.6% in the third quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock valued at $189,156,000 after buying an additional 1,307,832 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Capital Group Core Balanced ETF by 75.6% during the 2nd quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock valued at $61,488,000 after buying an additional 791,376 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Capital Group Core Balanced ETF during the 2nd quarter valued at about $12,843,000. Finally, Jones Financial Companies Lllp lifted its position in Capital Group Core Balanced ETF by 56.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,009,987 shares of the company’s stock worth $35,198,000 after acquiring an additional 365,941 shares in the last quarter.

Capital Group Core Balanced ETF Stock Up 1.0%

NYSEARCA CGBL opened at $34.57 on Tuesday. Capital Group Core Balanced ETF has a fifty-two week low of $28.22 and a fifty-two week high of $36.71. The business has a 50 day moving average price of $36.00 and a two-hundred day moving average price of $35.37. The stock has a market cap of $4.67 billion, a PE ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.2251 per share. The ex-dividend date of this dividend was Friday, December 26th. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.6%.

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.