Private Advisor Group LLC Purchases 71,154 Shares of Capital Group Core Balanced ETF $CGBL

Private Advisor Group LLC raised its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 16.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 515,755 shares of the company’s stock after buying an additional 71,154 shares during the quarter. Private Advisor Group LLC’s holdings in Capital Group Core Balanced ETF were worth $17,907,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. US Bancorp DE boosted its position in shares of Capital Group Core Balanced ETF by 204.6% during the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $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 9.1% during the second quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock valued at $156,000 after purchasing an additional 390 shares in the last quarter. M.E. Allison & CO. Inc. purchased a new stake in Capital Group Core Balanced ETF during the third quarter valued at $207,000. IFG Advisory LLC bought a new position in Capital Group Core Balanced ETF during the third quarter valued at $218,000. Finally, Orion Porfolio Solutions LLC purchased a new position in shares of Capital Group Core Balanced ETF in the 2nd quarter worth $214,000.

Capital Group Core Balanced ETF Trading Down 0.3%

Shares of NYSEARCA CGBL opened at $35.80 on Wednesday. Capital Group Core Balanced ETF has a 12-month low of $28.22 and a 12-month high of $36.71. The firm’s 50-day moving average price is $36.15 and its 200-day moving average price is $35.32. The stock has a market capitalization of $4.84 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 Monday, December 29th. Stockholders of record on Friday, December 26th were issued a $0.2251 dividend. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 26th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.5%.

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.