Security Financial Services INC. Invests $794,000 in Capital Group Core Balanced ETF $CGBL

Security Financial Services INC. acquired a new position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 23,733 shares of the company’s stock, valued at approximately $794,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in shares of Capital Group Core Balanced ETF by 45.3% in the first quarter. LPL Financial LLC now owns 5,504,865 shares of the company’s stock valued at $170,541,000 after acquiring an additional 1,717,432 shares during the period. CWM LLC raised its stake in Capital Group Core Balanced ETF by 208.6% during the 2nd quarter. CWM LLC now owns 2,207,565 shares of the company’s stock valued at $73,821,000 after purchasing an additional 1,492,252 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Capital Group Core Balanced ETF by 31.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,140,219 shares of the company’s stock valued at $138,449,000 after purchasing an additional 993,022 shares during the period. Commonwealth Equity Services LLC grew its position in Capital Group Core Balanced ETF by 47.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,821,751 shares of the company’s stock worth $56,438,000 after purchasing an additional 588,909 shares during the last quarter. Finally, Advance Capital Management Inc. increased its holdings in shares of Capital Group Core Balanced ETF by 24.4% during the 2nd quarter. Advance Capital Management Inc. now owns 2,707,404 shares of the company’s stock worth $90,536,000 after purchasing an additional 530,828 shares during the period.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL opened at $34.59 on Friday. The company has a 50-day simple moving average of $34.83 and a 200-day simple moving average of $33.65. Capital Group Core Balanced ETF has a 52 week low of $28.22 and a 52 week high of $35.42. The firm has a market capitalization of $3.75 billion, a P/E ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.1857 per share. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16. This represents a $0.74 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, September 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.