Warner Financial Inc. Reduces Holdings in Capital Group Core Balanced ETF $CGBL

Warner Financial Inc. trimmed its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 11.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,289 shares of the company’s stock after selling 899 shares during the period. Warner Financial Inc.’s holdings in Capital Group Core Balanced ETF were worth $244,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC increased its stake in shares of Capital Group Core Balanced ETF by 106.9% during the 2nd quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock worth $46,000 after purchasing an additional 709 shares in the last quarter. Financial Perspectives Inc purchased a new position in shares of Capital Group Core Balanced ETF during the 1st quarter worth approximately $55,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Capital Group Core Balanced ETF during the 1st quarter worth approximately $75,000. Allworth Financial LP increased its stake in shares of Capital Group Core Balanced ETF by 30.5% during the 1st quarter. Allworth Financial LP now owns 4,276 shares of the company’s stock worth $131,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Capital Group Core Balanced ETF by 39.2% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,709 shares of the company’s stock worth $146,000 after purchasing an additional 1,327 shares in the last quarter.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL opened at $34.90 on Friday. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 25.37 and a beta of 0.76. Capital Group Core Balanced ETF has a 1-year low of $28.22 and a 1-year high of $35.08. The firm has a 50 day simple moving average of $34.24 and a 200-day simple moving average of $32.69.

Capital Group Core Balanced ETF Increases Dividend

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

Capital Group Core Balanced ETF Company 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.