Integrated Wealth Concepts LLC Boosts Stake in Capital Group Core Balanced ETF $CGBL

Integrated Wealth Concepts LLC lifted its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 21.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,113 shares of the company’s stock after buying an additional 47,582 shares during the period. Integrated Wealth Concepts LLC owned approximately 0.14% of Capital Group Core Balanced ETF worth $10,405,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Wells Fargo & Company MN raised its position in Capital Group Core Balanced ETF by 191.0% in the 4th quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock worth $163,300,000 after buying an additional 3,033,933 shares during the last quarter. LPL Financial LLC lifted its stake in Capital Group Core Balanced ETF by 27.7% during the 4th quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock valued at $444,300,000 after acquiring an additional 2,726,819 shares during the period. Advance Capital Management Inc. boosted its holdings in shares of Capital Group Core Balanced ETF by 27.6% during the 1st quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock valued at $412,022,000 after acquiring an additional 2,588,189 shares during the last quarter. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Capital Group Core Balanced ETF during the 4th quarter valued at about $40,500,000. Finally, Cetera Investment Advisers grew its stake in shares of Capital Group Core Balanced ETF by 40.1% in the fourth quarter. Cetera Investment Advisers now owns 3,325,254 shares of the company’s stock worth $117,481,000 after acquiring an additional 952,356 shares during the period.

Capital Group Core Balanced ETF Stock Down 1.0%

CGBL opened at $37.47 on Friday. The firm has a 50 day moving average price of $37.83 and a 200-day moving average price of $36.97. Capital Group Core Balanced ETF has a twelve month low of $33.67 and a twelve month high of $38.68. The stock has a market capitalization of $7.24 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 announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.1634 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.65 dividend on an annualized basis and a yield of 1.7%. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.13.

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.