Essex Financial Services Inc. Purchases 49,422 Shares of Capital Group Core Balanced ETF $CGBL

Essex Financial Services Inc. grew its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 57.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 134,904 shares of the company’s stock after purchasing an additional 49,422 shares during the period. Essex Financial Services Inc.’s holdings in Capital Group Core Balanced ETF were worth $4,684,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in Capital Group Core Balanced ETF by 9.1% in the 2nd quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock valued at $156,000 after acquiring an additional 390 shares in the last quarter. Savvy Advisors Inc. purchased a new position in shares of Capital Group Core Balanced ETF in the second quarter worth $203,000. M.E. Allison & CO. Inc. purchased a new position in shares of Capital Group Core Balanced ETF in the third quarter worth $207,000. Onyx Bridge Wealth Group LLC bought a new position in shares of Capital Group Core Balanced ETF during the second quarter valued at $210,000. Finally, Orion Porfolio Solutions LLC purchased a new stake in shares of Capital Group Core Balanced ETF during the second quarter valued at $214,000.

Capital Group Core Balanced ETF Stock Performance

NYSEARCA CGBL opened at $36.26 on Wednesday. Capital Group Core Balanced ETF has a one year low of $28.22 and a one year high of $36.63. The stock has a 50-day moving average of $35.93 and a 200 day moving average of $35.06. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a $0.2251 dividend. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Friday, December 26th.

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.