Merit Financial Group LLC Buys 85,067 Shares of Capital Group Core Balanced ETF $CGBL

Merit Financial Group LLC lifted its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 119.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 156,348 shares of the company’s stock after buying an additional 85,067 shares during the period. Merit Financial Group LLC owned about 0.20% of Capital Group Core Balanced ETF worth $5,228,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Opal Wealth Advisors LLC grew its position in Capital Group Core Balanced ETF by 106.9% during the 2nd quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock worth $46,000 after acquiring an additional 709 shares during the last quarter. Financial Perspectives Inc bought a new stake in shares of Capital Group Core Balanced ETF during the first quarter worth about $55,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Capital Group Core Balanced ETF in the first quarter valued at approximately $75,000. Allworth Financial LP raised its holdings in Capital Group Core Balanced ETF by 30.5% in the 1st quarter. Allworth Financial LP now owns 4,276 shares of the company’s stock valued at $131,000 after buying an additional 1,000 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new position in Capital Group Core Balanced ETF in the 2nd quarter valued at approximately $214,000.

Capital Group Core Balanced ETF Price Performance

CGBL opened at $34.98 on Tuesday. Capital Group Core Balanced ETF has a fifty-two week low of $28.22 and a fifty-two week high of $35.08. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 25.37 and a beta of 0.76. The company’s 50 day moving average price is $34.28 and its two-hundred day moving average price is $32.76.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were paid a $0.1857 dividend. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16. This represents a $0.74 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 30th.

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.