Pines Wealth Management LLC Acquires 2,010 Shares of Capital Group Core Balanced ETF $CGBL

Pines Wealth Management LLC increased its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 11.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 19,984 shares of the company’s stock after buying an additional 2,010 shares during the quarter. Pines Wealth Management LLC’s holdings in Capital Group Core Balanced ETF were worth $673,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CGBL. Dynamic Advisor Solutions LLC raised its position in Capital Group Core Balanced ETF by 8.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 8,407 shares of the company’s stock worth $260,000 after acquiring an additional 623 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Capital Group Core Balanced ETF by 9.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,737,175 shares of the company’s stock worth $53,818,000 after purchasing an additional 144,531 shares during the period. Citadel Advisors LLC bought a new stake in shares of Capital Group Core Balanced ETF in the 4th quarter worth approximately $1,554,000. Janney Montgomery Scott LLC lifted its stake in Capital Group Core Balanced ETF by 43.2% in the first quarter. Janney Montgomery Scott LLC now owns 183,101 shares of the company’s stock valued at $5,672,000 after purchasing an additional 55,226 shares during the last quarter. Finally, Modern Wealth Management LLC grew its holdings in Capital Group Core Balanced ETF by 15.0% during the first quarter. Modern Wealth Management LLC now owns 9,520 shares of the company’s stock valued at $295,000 after purchasing an additional 1,240 shares during the period.

Capital Group Core Balanced ETF Price Performance

Shares of NYSEARCA CGBL opened at $34.88 on Wednesday. The stock has a market capitalization of $2.84 billion, a PE ratio of 25.37 and a beta of 0.76. Capital Group Core Balanced ETF has a one year low of $28.22 and a one year high of $34.95. The business’s fifty day moving average price is $33.97 and its 200-day moving average price is $32.40.

Capital Group Core Balanced ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 30th were paid a dividend of $0.1645 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, June 30th.

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.