Capital Group Core Balanced ETF $CGBL Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. lowered its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 8.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 925,117 shares of the company’s stock after selling 90,731 shares during the quarter. Harbour Investments Inc.’s holdings in Capital Group Core Balanced ETF were worth $33,998,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Forge Financial Services LLC lifted its holdings in Capital Group Core Balanced ETF by 6.0% during the 3rd quarter. Forge Financial Services LLC now owns 4,071,446 shares of the company’s stock valued at $149,748,000 after purchasing an additional 228,814 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Capital Group Core Balanced ETF by 12.3% in the third quarter. Commonwealth Equity Services LLC now owns 3,910,516 shares of the company’s stock valued at $143,711,000 after buying an additional 426,969 shares in the last quarter. Cetera Investment Advisers boosted its position in Capital Group Core Balanced ETF by 21.8% in the first quarter. Cetera Investment Advisers now owns 4,048,725 shares of the company’s stock valued at $139,317,000 after buying an additional 723,471 shares in the last quarter. Royal Bank of Canada boosted its position in Capital Group Core Balanced ETF by 16.2% in the first quarter. Royal Bank of Canada now owns 2,335,514 shares of the company’s stock valued at $80,364,000 after buying an additional 326,314 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its position in Capital Group Core Balanced ETF by 15.0% in the third quarter. Kestra Advisory Services LLC now owns 2,022,707 shares of the company’s stock valued at $74,334,000 after buying an additional 264,114 shares in the last quarter.

Capital Group Core Balanced ETF Stock Performance

Capital Group Core Balanced ETF stock traded down $0.09 during trading hours on Friday, hitting $36.95. 1,076,376 shares of the stock were exchanged, compared to its average volume of 1,491,384. The stock has a market capitalization of $8.04 billion, a P/E ratio of 25.37 and a beta of 0.71. Capital Group Core Balanced ETF has a 12 month low of $33.67 and a 12 month high of $38.68. The business’s 50-day moving average is $37.13 and its two-hundred day moving average is $36.92.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were paid a $0.2056 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634. The ex-dividend date was Wednesday, September 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.