Great Valley Advisor Group Inc. Raises Position in Capital Group Core Balanced ETF $CGBL

Great Valley Advisor Group Inc. boosted its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 25.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 496,331 shares of the company’s stock after buying an additional 100,713 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Capital Group Core Balanced ETF were worth $17,536,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CGBL. Kestra Investment Management LLC increased its stake in shares of Capital Group Core Balanced ETF by 1.1% during the fourth quarter. Kestra Investment Management LLC now owns 25,411 shares of the company’s stock valued at $898,000 after purchasing an additional 276 shares in the last quarter. Allworth Financial LP increased its stake in shares of Capital Group Core Balanced ETF by 6.7% during the third quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock valued at $173,000 after purchasing an additional 311 shares in the last quarter. Balboa Wealth Partners increased its stake in shares of Capital Group Core Balanced ETF by 2.3% during the third quarter. Balboa Wealth Partners now owns 15,065 shares of the company’s stock valued at $523,000 after purchasing an additional 342 shares in the last quarter. Carson Advisory Inc. increased its stake in shares of Capital Group Core Balanced ETF by 3.8% during the third quarter. Carson Advisory Inc. now owns 13,575 shares of the company’s stock valued at $471,000 after purchasing an additional 500 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC increased its stake in shares of Capital Group Core Balanced ETF by 4.4% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 11,937 shares of the company’s stock valued at $422,000 after purchasing an additional 500 shares in the last quarter.

Capital Group Core Balanced ETF Stock Performance

Shares of NYSEARCA CGBL opened at $37.38 on Friday. Capital Group Core Balanced ETF has a fifty-two week low of $32.46 and a fifty-two week high of $38.05. The company has a 50 day simple moving average of $36.73 and a two-hundred day simple moving average of $36.04. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

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.