Capital Group Core Balanced ETF $CGBL Shares Acquired by NWF Advisory Services Inc.

NWF Advisory Services Inc. increased its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 90.7% during the 3rd quarter, Holdings Channel reports. The fund owned 34,565 shares of the company’s stock after purchasing an additional 16,441 shares during the quarter. NWF Advisory Services Inc.’s holdings in Capital Group Core Balanced ETF were worth $1,200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Advance Capital Management Inc. increased its holdings in shares of Capital Group Core Balanced ETF by 242.6% during the 3rd quarter. Advance Capital Management Inc. now owns 9,275,964 shares of the company’s stock valued at $322,061,000 after purchasing an additional 6,568,560 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Capital Group Core Balanced ETF by 31.6% in the second quarter. Envestnet Asset Management Inc. now owns 4,140,219 shares of the company’s stock valued at $138,449,000 after buying an additional 993,022 shares in the last quarter. CWM LLC raised its position in shares of Capital Group Core Balanced ETF by 208.6% in the second quarter. CWM LLC now owns 2,207,565 shares of the company’s stock worth $73,821,000 after acquiring an additional 1,492,252 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Capital Group Core Balanced ETF by 13.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,061,754 shares of the company’s stock worth $71,584,000 after acquiring an additional 242,948 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Capital Group Core Balanced ETF by 7.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,937,897 shares of the company’s stock valued at $67,574,000 after acquiring an additional 141,375 shares during the period.

Capital Group Core Balanced ETF Stock Up 0.4%

Shares of Capital Group Core Balanced ETF stock opened at $36.39 on Tuesday. The firm has a market cap of $4.78 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a twelve month low of $28.22 and a twelve month high of $36.43. The business has a 50-day moving average price of $35.51 and a 200 day moving average price of $34.78.

Capital Group Core Balanced ETF Increases Dividend

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

Capital Group Core Balanced ETF 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. CGBL was launched on Sep 26, 2023 and is issued by Capital Group.