Capital Group Core Balanced ETF $CGBL Stock: MGO One Seven LLC Grows Position

MGO One Seven LLC lifted its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 9.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 165,571 shares of the company’s stock after buying an additional 13,895 shares during the quarter. MGO One Seven LLC’s holdings in Capital Group Core Balanced ETF were worth $6,085,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Founders Financial Securities LLC lifted its holdings in shares of Capital Group Core Balanced ETF by 12.9% during the 3rd quarter. Founders Financial Securities LLC now owns 315,090 shares of the company’s stock valued at $11,580,000 after acquiring an additional 36,024 shares in the last quarter. Blueprint Investment Partners LLC increased its holdings in Capital Group Core Balanced ETF by 10.6% in the 3rd quarter. Blueprint Investment Partners LLC now owns 111,518 shares of the company’s stock valued at $4,098,000 after purchasing an additional 10,721 shares in the last quarter. Blueprint Financial Advisors LLC increased its holdings in Capital Group Core Balanced ETF by 10.6% in the 3rd quarter. Blueprint Financial Advisors LLC now owns 111,518 shares of the company’s stock valued at $4,098,000 after purchasing an additional 10,721 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Capital Group Core Balanced ETF by 7.7% in the 3rd quarter. D.A. Davidson & CO. now owns 364,683 shares of the company’s stock valued at $13,402,000 after purchasing an additional 25,950 shares in the last quarter. Finally, North Star Investment Management Corp. purchased a new position in Capital Group Core Balanced ETF in the third quarter valued at about $74,000.

Capital Group Core Balanced ETF Price Performance

NYSEARCA:CGBL opened at $36.69 on Monday. The business’s 50-day moving average is $37.38 and its two-hundred day moving average is $36.89. The firm has a market capitalization of $7.85 billion, a PE ratio of 25.37 and a beta of 0.70. Capital Group Core Balanced ETF has a 12 month low of $33.67 and a 12 month high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The business 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.

About Capital Group Core Balanced ETF

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.