Capital Group Core Balanced ETF $CGBL Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC increased its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 17.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 177,002 shares of the company’s stock after buying an additional 25,734 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Capital Group Core Balanced ETF were worth $6,253,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGBL. Aprio Wealth Management LLC bought a new stake in shares of Capital Group Core Balanced ETF during the 4th quarter worth about $63,960,000. Envestnet Asset Management Inc. increased its stake in shares of Capital Group Core Balanced ETF by 31.6% during the third quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock valued at $189,156,000 after acquiring an additional 1,307,832 shares during the period. Raymond James Financial Inc. increased its stake in shares of Capital Group Core Balanced ETF by 75.6% during the second quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock valued at $61,488,000 after acquiring an additional 791,376 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Capital Group Core Balanced ETF by 56.8% during the third quarter. Jones Financial Companies Lllp now owns 1,009,987 shares of the company’s stock valued at $35,198,000 after acquiring an additional 365,941 shares during the period. Finally, Concurrent Investment Advisors LLC increased its stake in shares of Capital Group Core Balanced ETF by 72.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 843,949 shares of the company’s stock valued at $29,817,000 after acquiring an additional 354,864 shares during the period.

Capital Group Core Balanced ETF Price Performance

NYSEARCA CGBL opened at $37.84 on Friday. Capital Group Core Balanced ETF has a 12 month low of $31.97 and a 12 month high of $37.90. The firm has a market capitalization of $6.30 billion, a PE ratio of 25.37 and a beta of 0.69. The company’s 50 day simple moving average is $36.17 and its 200 day simple moving average is $35.85.

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.