Onyx Bridge Wealth Group LLC Has $905,000 Holdings in Capital Group Core Balanced ETF $CGBL

Onyx Bridge Wealth Group LLC raised its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 315.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,061 shares of the company’s stock after buying an additional 19,781 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Capital Group Core Balanced ETF were worth $905,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CGBL. Advance Capital Management Inc. raised its stake in 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 valued at $322,061,000 after acquiring an additional 6,568,560 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Capital Group Core Balanced ETF by 31.6% in the third quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock valued at $189,156,000 after purchasing an additional 1,307,832 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of 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 valued at $71,584,000 after purchasing an additional 242,948 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake 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 worth $67,574,000 after buying an additional 141,375 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of Capital Group Core Balanced ETF by 75.6% during the 2nd quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock worth $61,488,000 after buying an additional 791,376 shares during the last quarter.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL opened at $36.13 on Friday. The firm has a market cap of $4.88 billion, a P/E 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 $36.63. The firm’s 50-day simple moving average is $35.87 and its 200 day simple moving average is $34.99.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given 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 dividend yield of 2.5%.

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.