Capital Group Core Balanced ETF $CGBL Shares Acquired by PFG Advisors

PFG Advisors grew its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 51.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 75,692 shares of the company’s stock after acquiring an additional 25,694 shares during the period. PFG Advisors’ holdings in Capital Group Core Balanced ETF were worth $2,628,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CGBL. NewEdge Advisors LLC raised its position in Capital Group Core Balanced ETF by 70.1% in the first quarter. NewEdge Advisors LLC now owns 33,942 shares of the company’s stock valued at $1,052,000 after purchasing an additional 13,986 shares during the period. Jane Street Group LLC boosted its position in shares of Capital Group Core Balanced ETF by 25.4% during the first quarter. Jane Street Group LLC now owns 281,274 shares of the company’s stock worth $8,714,000 after buying an additional 57,029 shares during the period. Prospera Financial Services Inc boosted its position in shares of Capital Group Core Balanced ETF by 42.4% during the second quarter. Prospera Financial Services Inc now owns 87,584 shares of the company’s stock worth $2,929,000 after buying an additional 26,094 shares during the period. Midwest Trust Co acquired a new stake in shares of Capital Group Core Balanced ETF in the second quarter valued at $327,000. Finally, Allworth Financial LP grew its stake in shares of 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 in the last quarter.

Capital Group Core Balanced ETF Trading Down 0.3%

CGBL stock opened at $35.80 on Wednesday. The business’s fifty day moving average price is $36.15 and its 200 day moving average price is $35.32. Capital Group Core Balanced ETF has a 12-month low of $28.22 and a 12-month high of $36.71. The company has a market capitalization of $4.84 billion, a PE ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

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

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.