Kintra Wealth LLC Purchases 92,977 Shares of Capital Group Core Balanced ETF $CGBL

Kintra Wealth LLC grew its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 86.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 200,753 shares of the company’s stock after purchasing an additional 92,977 shares during the quarter. Kintra Wealth LLC’s holdings in Capital Group Core Balanced ETF were worth $7,743,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGBL. PCG Wealth Advisors LLC grew its holdings in shares of Capital Group Core Balanced ETF by 16.0% in the 2nd quarter. PCG Wealth Advisors LLC now owns 402,421 shares of the company’s stock valued at $15,276,000 after buying an additional 55,468 shares during the period. Endeavor Private Wealth Inc. raised its position in shares of Capital Group Core Balanced ETF by 4.3% during the second quarter. Endeavor Private Wealth Inc. now owns 212,646 shares of the company’s stock worth $8,107,000 after purchasing an additional 8,698 shares during the period. Asset Allocation Strategies LLC raised its position in shares of Capital Group Core Balanced ETF by 20.6% during the second quarter. Asset Allocation Strategies LLC now owns 68,255 shares of the company’s stock worth $2,591,000 after purchasing an additional 11,656 shares during the period. William John Sempolinski bought a new position in shares of Capital Group Core Balanced ETF during the 2nd quarter valued at about $2,078,000. Finally, Hopwood Nicholas Hunter acquired a new position in shares of Capital Group Core Balanced ETF in the 2nd quarter valued at approximately $10,958,000.

Capital Group Core Balanced ETF Stock Performance

NYSEARCA CGBL opened at $38.12 on Friday. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. The business has a 50 day simple moving average of $37.83 and a 200 day simple moving average of $36.92. Capital Group Core Balanced ETF has a 52-week low of $33.67 and a 52-week high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were issued a dividend of $0.1634 per share. The ex-dividend date was Tuesday, June 30th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.13. This represents a $0.65 dividend on an annualized basis and a dividend yield of 1.7%.

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.