Private Client Services LLC Has $3.02 Million Stock Position in Capital Group Core Balanced ETF $CGBL

Private Client Services LLC raised its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 1,209.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,667 shares of the company’s stock after purchasing an additional 73,583 shares during the quarter. Capital Group Core Balanced ETF makes up approximately 0.8% of Private Client Services LLC’s holdings, making the stock its 28th biggest position. Private Client Services LLC’s holdings in Capital Group Core Balanced ETF were worth $3,024,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Anchor Investment Management LLC purchased a new stake in shares of Capital Group Core Balanced ETF during the 1st quarter worth about $43,000. US Bancorp DE grew its stake in shares of 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 valued at $57,000 after buying an additional 1,105 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in Capital Group Core Balanced ETF by 77.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock worth $81,000 after buying an additional 1,006 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new position in Capital Group Core Balanced ETF in the fourth quarter worth approximately $84,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Capital Group Core Balanced ETF in the fourth quarter worth approximately $86,000.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL opened at $37.62 on Tuesday. The firm has a market cap of $7.27 billion, a PE ratio of 25.37 and a beta of 0.68. The firm’s 50 day moving average price is $37.55 and its 200 day moving average price is $36.59. Capital Group Core Balanced ETF has a twelve month low of $33.49 and a twelve month high of $38.20.

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.