Capital Group Core Balanced ETF $CGBL Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 55.3% during the 1st quarter, Holdings Channel reports. The fund owned 1,342,291 shares of the company’s stock after buying an additional 478,121 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Capital Group Core Balanced ETF were worth $46,188,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN grew its holdings in shares of Capital Group Core Balanced ETF by 191.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock valued at $163,300,000 after purchasing an additional 3,033,933 shares during the period. LPL Financial LLC raised its stake in Capital Group Core Balanced ETF by 27.7% during the fourth quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock worth $444,300,000 after purchasing an additional 2,726,819 shares during the period. Aprio Wealth Management LLC purchased a new position in Capital Group Core Balanced ETF during the fourth quarter worth about $63,960,000. J. Derek Lewis & Associates Inc. purchased a new position in Capital Group Core Balanced ETF during the fourth quarter worth about $40,500,000. Finally, Cetera Investment Advisers boosted its holdings in Capital Group Core Balanced ETF by 40.1% in the 4th quarter. Cetera Investment Advisers now owns 3,325,254 shares of the company’s stock valued at $117,481,000 after purchasing an additional 952,356 shares during the last quarter.

Capital Group Core Balanced ETF Stock Performance

Shares of Capital Group Core Balanced ETF stock opened at $37.61 on Monday. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a fifty-two week low of $33.25 and a fifty-two week high of $38.20. The stock has a 50 day moving average of $37.25 and a 200 day moving average of $36.25.

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.