Ameritas Advisory Services LLC Lowers Holdings in Capital Group Core Balanced ETF $CGBL

Ameritas Advisory Services LLC cut its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 39.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 33,764 shares of the company’s stock after selling 22,248 shares during the period. Ameritas Advisory Services LLC’s holdings in Capital Group Core Balanced ETF were worth $1,129,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. LPL Financial LLC raised its position in shares of Capital Group Core Balanced ETF by 45.3% during the 1st quarter. LPL Financial LLC now owns 5,504,865 shares of the company’s stock valued at $170,541,000 after acquiring an additional 1,717,432 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Capital Group Core Balanced ETF by 31.7% in the first quarter. Envestnet Asset Management Inc. now owns 3,147,197 shares of the company’s stock worth $97,500,000 after buying an additional 758,018 shares during the period. CWM LLC increased its position in Capital Group Core Balanced ETF by 1,006.3% in the first quarter. CWM LLC now owns 715,313 shares of the company’s stock worth $22,160,000 after buying an additional 650,654 shares during the period. Commonwealth Equity Services LLC increased its position in Capital Group Core Balanced ETF by 47.8% in the first quarter. Commonwealth Equity Services LLC now owns 1,821,751 shares of the company’s stock worth $56,438,000 after buying an additional 588,909 shares during the period. Finally, Advance Capital Management Inc. grew its stake in shares of Capital Group Core Balanced ETF by 24.4% in the second quarter. Advance Capital Management Inc. now owns 2,707,404 shares of the company’s stock worth $90,536,000 after purchasing an additional 530,828 shares in the last quarter.

Capital Group Core Balanced ETF Stock Up 0.1%

Shares of CGBL stock opened at $34.94 on Friday. Capital Group Core Balanced ETF has a fifty-two week low of $28.22 and a fifty-two week high of $35.08. The stock has a market capitalization of $3.51 billion, a P/E ratio of 25.37 and a beta of 0.76. The stock has a 50-day simple moving average of $34.26 and a 200 day simple moving average of $32.72.

Capital Group Core Balanced ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.1857 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.1%. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16.

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.