Lantz Financial LLC Invests $525,000 in Capital Group Core Balanced ETF $CGBL

Lantz Financial LLC acquired a new stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,871 shares of the company’s stock, valued at approximately $525,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CoreCap Advisors LLC raised its stake in shares of Capital Group Core Balanced ETF by 14,657.1% in the fourth quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock valued at $36,000 after buying an additional 1,026 shares during the period. US Bancorp DE increased its holdings in Capital Group Core Balanced ETF by 204.6% in the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock worth $57,000 after acquiring an additional 1,105 shares during the last quarter. Allworth Financial LP raised its stake in Capital Group Core Balanced ETF by 6.7% in the 3rd quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock valued at $173,000 after acquiring an additional 311 shares during the period. Alliance Wealth Advisors LLC bought a new stake in Capital Group Core Balanced ETF in the 4th quarter valued at about $204,000. Finally, M.E. Allison & CO. Inc. purchased a new stake in Capital Group Core Balanced ETF during the third quarter valued at about $207,000.

Capital Group Core Balanced ETF Stock Down 0.1%

Shares of NYSEARCA:CGBL opened at $33.78 on Tuesday. The firm has a market capitalization of $4.56 billion, a PE ratio of 25.37 and a beta of 0.69. The company has a 50-day moving average price of $35.79 and a two-hundred day moving average price of $35.36. Capital Group Core Balanced ETF has a twelve month low of $28.22 and a twelve month high of $36.71.

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.