Geneos Wealth Management Inc. Has $6.63 Million Holdings in Capital Group Core Balanced ETF $CGBL

Geneos Wealth Management Inc. boosted its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 73.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 191,054 shares of the company’s stock after purchasing an additional 80,637 shares during the period. Geneos Wealth Management Inc.’s holdings in Capital Group Core Balanced ETF were worth $6,633,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. NWF Advisory Services Inc. grew its holdings in Capital Group Core Balanced ETF by 1.7% during the 2nd quarter. NWF Advisory Services Inc. now owns 18,124 shares of the company’s stock worth $606,000 after acquiring an additional 309 shares during the period. Vermillion & White Wealth Management Group LLC grew its stake in Capital Group Core Balanced ETF by 4.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 8,120 shares of the company’s stock worth $272,000 after purchasing an additional 319 shares during the period. Allworth Financial LP grew its stake in Capital Group Core Balanced ETF by 9.1% during the second quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock worth $156,000 after purchasing an additional 390 shares during the period. tru Independence LLC increased its holdings in Capital Group Core Balanced ETF by 7.8% in the second quarter. tru Independence LLC now owns 8,370 shares of the company’s stock worth $280,000 after purchasing an additional 609 shares in the last quarter. Finally, Opal Wealth Advisors LLC lifted its stake in Capital Group Core Balanced ETF by 106.9% in the second quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock valued at $46,000 after buying an additional 709 shares during the period.

Capital Group Core Balanced ETF Stock Performance

Capital Group Core Balanced ETF stock opened at $36.04 on Wednesday. The stock has a market capitalization of $4.50 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 $36.04. The stock’s 50 day moving average price is $35.10 and its two-hundred day moving average price is $34.51.

Capital Group Core Balanced ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a $0.2251 dividend. The ex-dividend date 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 dividend on an annualized basis 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.