RFG Advisory LLC Sells 106,577 Shares of Capital Group Core Balanced ETF $CGBL

RFG Advisory LLC reduced its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 54.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,159 shares of the company’s stock after selling 106,577 shares during the period. RFG Advisory LLC owned about 0.07% of Capital Group Core Balanced ETF worth $3,115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CGBL. CoreCap Advisors LLC lifted its stake in Capital Group Core Balanced ETF by 14,657.1% in the 4th quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock valued at $36,000 after purchasing an additional 1,026 shares during the last quarter. US Bancorp DE boosted its position in Capital Group Core Balanced ETF by 204.6% in the third 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. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Capital Group Core Balanced ETF during the fourth quarter worth $86,000. Allworth Financial LP grew its stake in shares of Capital Group Core Balanced ETF by 6.7% during the third quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock worth $173,000 after buying an additional 311 shares during the last quarter. Finally, Keybank National Association OH acquired a new position in shares of Capital Group Core Balanced ETF during the fourth quarter worth $203,000.

Capital Group Core Balanced ETF Stock Performance

Shares of NYSEARCA:CGBL opened at $37.30 on Thursday. Capital Group Core Balanced ETF has a 52-week low of $31.05 and a 52-week high of $37.31. The company has a market capitalization of $6.21 billion, a PE ratio of 25.37 and a beta of 0.69. The company has a fifty day moving average of $35.68 and a 200-day moving average of $35.57.

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.