Royal Bank of Canada Raises Stock Holdings in Capital Group Core Balanced ETF $CGBL

Royal Bank of Canada raised its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 16.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,335,514 shares of the company’s stock after buying an additional 326,314 shares during the quarter. Royal Bank of Canada’s holdings in Capital Group Core Balanced ETF were worth $80,364,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. CoreCap Advisors LLC increased its position in shares of Capital Group Core Balanced ETF by 14,657.1% during the fourth quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock valued at $36,000 after acquiring an additional 1,026 shares during the last quarter. Anchor Investment Management LLC acquired a new position in shares of Capital Group Core Balanced ETF in the 1st quarter worth approximately $43,000. US Bancorp DE lifted its holdings 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 worth $57,000 after acquiring an additional 1,105 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of Capital Group Core Balanced ETF by 77.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock worth $81,000 after purchasing an additional 1,006 shares during the period. Finally, Godfrey Financial Associates Inc. purchased a new position in shares of Capital Group Core Balanced ETF during the 4th quarter worth approximately $84,000.

Capital Group Core Balanced ETF Stock Performance

Capital Group Core Balanced ETF stock opened at $37.23 on Friday. The company has a market capitalization of $7.15 billion, a PE ratio of 25.37 and a beta of 0.68. Capital Group Core Balanced ETF has a fifty-two week low of $33.25 and a fifty-two week high of $38.20. The firm has a 50 day moving average price of $37.54 and a 200 day moving average price of $36.57.

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.