Base Wealth Management LLC Decreases Holdings in Capital Group Core Balanced ETF $CGBL

Base Wealth Management LLC reduced its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 12.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 324,042 shares of the company’s stock after selling 44,147 shares during the period. Capital Group Core Balanced ETF accounts for 6.4% of Base Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. Base Wealth Management LLC’s holdings in Capital Group Core Balanced ETF were worth $11,251,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in CGBL. Opal Wealth Advisors LLC boosted its stake in shares of Capital Group Core Balanced ETF by 106.9% in the 2nd quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock valued at $46,000 after purchasing an additional 709 shares during the last quarter. Allworth Financial LP lifted its holdings in Capital Group Core Balanced ETF by 9.1% in the second quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock valued at $156,000 after buying an additional 390 shares during the period. Financial Perspectives Inc lifted its holdings in Capital Group Core Balanced ETF by 225.9% in the second quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock valued at $195,000 after buying an additional 4,035 shares during the period. Savvy Advisors Inc. bought a new position in Capital Group Core Balanced ETF in the second quarter valued at approximately $203,000. Finally, M.E. Allison & CO. Inc. acquired a new stake in Capital Group Core Balanced ETF during the 3rd quarter worth $207,000.

Capital Group Core Balanced ETF Stock Performance

Shares of Capital Group Core Balanced ETF stock opened at $35.53 on Tuesday. The firm has a fifty day moving average of $35.03 and a two-hundred day moving average of $34.38. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 52 week low of $28.22 and a 52 week high of $35.83.

Capital Group Core Balanced ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a $0.2251 dividend. The ex-dividend date of this dividend was Friday, December 26th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a yield of 2.5%.

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.