Truist Financial Corp Raises Holdings in Capital Group Core Balanced ETF $CGBL

Truist Financial Corp grew its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 27.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,251 shares of the company’s stock after buying an additional 27,164 shares during the quarter. Truist Financial Corp owned 0.10% of Capital Group Core Balanced ETF worth $4,496,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CGBL. Creekside Partners lifted its stake in shares of Capital Group Core Balanced ETF by 230.6% during the 3rd quarter. Creekside Partners now owns 41,185 shares of the company’s stock worth $1,430,000 after purchasing an additional 28,729 shares during the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in shares of Capital Group Core Balanced ETF by 155.5% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 41,249 shares of the company’s stock worth $1,437,000 after purchasing an additional 25,105 shares during the last quarter. Westside Investment Management Inc. lifted its stake in shares of Capital Group Core Balanced ETF by 22.7% during the 4th quarter. Westside Investment Management Inc. now owns 146,270 shares of the company’s stock worth $5,168,000 after purchasing an additional 27,075 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Capital Group Core Balanced ETF by 37.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 129,953 shares of the company’s stock worth $4,512,000 after purchasing an additional 35,271 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its stake in shares of Capital Group Core Balanced ETF by 28.7% during the 4th quarter. Valmark Advisers Inc. now owns 118,550 shares of the company’s stock worth $4,188,000 after purchasing an additional 26,424 shares during the last quarter.

Capital Group Core Balanced ETF Price Performance

Shares of NYSEARCA CGBL opened at $37.31 on Monday. The stock has a market capitalization of $6.21 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 1-year low of $31.18 and a 1-year high of $37.40. The business has a fifty day moving average price of $35.70 and a 200 day moving average price of $35.58.

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.