NWF Advisory Services Inc. Raises Position in Capital Group Core Balanced ETF $CGBL

NWF Advisory Services Inc. lifted its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 86.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,957 shares of the company’s stock after purchasing an additional 43,970 shares during the quarter. NWF Advisory Services Inc.’s holdings in Capital Group Core Balanced ETF were worth $3,605,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Anchor Investment Management LLC acquired a new position in Capital Group Core Balanced ETF in the first quarter valued at $43,000. US Bancorp DE boosted its stake in Capital Group Core Balanced ETF by 204.6% in the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock worth $57,000 after buying an additional 1,105 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in Capital Group Core Balanced ETF by 77.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock valued at $81,000 after buying an additional 1,006 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in Capital Group Core Balanced ETF in the 4th quarter valued at about $84,000. Finally, Cascades Capital Asset Management LLC acquired a new position in shares of Capital Group Core Balanced ETF during the 4th quarter valued at about $102,000.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL stock opened at $38.15 on Friday. The firm has a market cap of $7.37 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 1-year low of $33.67 and a 1-year high of $38.68. The firm’s 50-day simple moving average is $37.82 and its 200-day simple moving average is $36.91.

Capital Group Core Balanced ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.1634 per share. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.13. This represents a $0.65 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, June 30th.

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