Greenbush Financial Group LLC Has $18.19 Million Position in Capital Group Core Balanced ETF $CGBL

Greenbush Financial Group LLC raised its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 11.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 514,956 shares of the company’s stock after buying an additional 52,435 shares during the period. Capital Group Core Balanced ETF comprises 6.2% of Greenbush Financial Group LLC’s holdings, making the stock its 4th largest position. Greenbush Financial Group LLC’s holdings in Capital Group Core Balanced ETF were worth $18,193,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Balboa Wealth Partners grew its position in shares of Capital Group Core Balanced ETF by 7.0% during the 4th quarter. Balboa Wealth Partners now owns 16,122 shares of the company’s stock worth $570,000 after buying an additional 1,057 shares during the period. Tempus Wealth Planning LLC increased its stake in shares of Capital Group Core Balanced ETF by 7.7% in the 4th quarter. Tempus Wealth Planning LLC now owns 167,919 shares of the company’s stock valued at $5,933,000 after acquiring an additional 12,008 shares during the last quarter. Lodestone Wealth Management LLC raised its position in shares of Capital Group Core Balanced ETF by 16.1% in the 4th quarter. Lodestone Wealth Management LLC now owns 14,439 shares of the company’s stock valued at $510,000 after acquiring an additional 2,006 shares during the period. Hartmann Taylor Wealth Management LLC raised its position in shares of Capital Group Core Balanced ETF by 5.0% in the 4th quarter. Hartmann Taylor Wealth Management LLC now owns 323,243 shares of the company’s stock valued at $11,420,000 after acquiring an additional 15,339 shares during the period. Finally, Silver Oak Securities Incorporated bought a new position in Capital Group Core Balanced ETF during the 4th quarter worth approximately $365,000.

Capital Group Core Balanced ETF Stock Performance

Shares of NYSEARCA CGBL opened at $34.60 on Friday. Capital Group Core Balanced ETF has a 52-week low of $28.22 and a 52-week high of $36.71. The stock has a market cap of $5.35 billion, a P/E ratio of 25.37 and a beta of 0.69. The firm has a 50 day moving average price of $35.66 and a 200 day moving average price of $35.34.

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. CGBL was launched on Sep 26, 2023 and is issued by Capital Group.