Capital Group Core Balanced ETF $CGBL Stake Raised by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 20.8% during the 1st quarter, HoldingsChannel reports. The fund owned 1,573,552 shares of the company’s stock after purchasing an additional 271,207 shares during the period. Kestra Advisory Services LLC’s holdings in Capital Group Core Balanced ETF were worth $54,146,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CGBL. LPL Financial LLC increased its stake in Capital Group Core Balanced ETF by 27.7% in the 4th quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock valued at $444,300,000 after buying an additional 2,726,819 shares during the period. Advance Capital Management Inc. boosted its stake in shares of Capital Group Core Balanced ETF by 27.6% during the 1st quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock valued at $412,022,000 after buying an additional 2,588,189 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Capital Group Core Balanced ETF by 191.0% during the 4th quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock valued at $163,300,000 after acquiring an additional 3,033,933 shares in the last quarter. Morgan Stanley grew its holdings in shares of Capital Group Core Balanced ETF by 17.0% during the 4th quarter. Morgan Stanley now owns 4,062,395 shares of the company’s stock valued at $143,524,000 after acquiring an additional 590,373 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Capital Group Core Balanced ETF by 40.1% in the fourth quarter. Cetera Investment Advisers now owns 3,325,254 shares of the company’s stock worth $117,481,000 after acquiring an additional 952,356 shares during the last quarter.

Capital Group Core Balanced ETF Trading Up 0.7%

NYSEARCA CGBL opened at $37.74 on Friday. Capital Group Core Balanced ETF has a 1-year low of $33.25 and a 1-year high of $38.20. The firm’s fifty day simple moving average is $37.45 and its 200-day simple moving average is $36.40. The company has a market capitalization of $6.97 billion, a PE ratio of 25.37 and a beta of 0.68.

About Capital Group Core Balanced ETF

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.