Jones Financial Companies Lllp Boosts Position in Capital Group Core Balanced ETF $CGBL

Jones Financial Companies Lllp boosted its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 56.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,009,987 shares of the company’s stock after purchasing an additional 365,941 shares during the period. Jones Financial Companies Lllp’s holdings in Capital Group Core Balanced ETF were worth $35,198,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CGBL. Advance Capital Management Inc. lifted its stake in shares of Capital Group Core Balanced ETF by 242.6% in the 3rd quarter. Advance Capital Management Inc. now owns 9,275,964 shares of the company’s stock worth $322,061,000 after purchasing an additional 6,568,560 shares during the period. Envestnet Asset Management Inc. grew its position in Capital Group Core Balanced ETF by 31.6% during 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 during the period. CWM LLC increased its holdings in Capital Group Core Balanced ETF by 208.6% during the second quarter. CWM LLC now owns 2,207,565 shares of the company’s stock valued at $73,821,000 after buying an additional 1,492,252 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Capital Group Core Balanced ETF by 13.4% in the third 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 during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in Capital Group Core Balanced ETF by 7.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,937,897 shares of the company’s stock worth $67,574,000 after acquiring an additional 141,375 shares during the period.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL stock opened at $36.19 on Tuesday. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 1 year low of $28.22 and a 1 year high of $36.55. The firm has a fifty day moving average price of $35.71 and a 200-day moving average price of $34.88.

Capital Group Core Balanced ETF Increases Dividend

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

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