Capital Group Core Balanced ETF $CGBL Shares Purchased by Private Client Services LLC

Private Client Services LLC raised its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 36.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,591 shares of the company’s stock after purchasing an additional 28,924 shares during the quarter. Capital Group Core Balanced ETF accounts for 1.1% of Private Client Services LLC’s holdings, making the stock its 20th largest holding. Private Client Services LLC’s holdings in Capital Group Core Balanced ETF were worth $3,991,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CGBL. LPL Financial LLC lifted its stake in Capital Group Core Balanced ETF by 27.7% during the fourth quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock worth $444,300,000 after purchasing an additional 2,726,819 shares in the last quarter. Advance Capital Management Inc. raised its position 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 worth $412,022,000 after acquiring an additional 2,588,189 shares in the last quarter. Cetera Investment Advisers raised its stake in Capital Group Core Balanced ETF by 21.8% during the 1st quarter. Cetera Investment Advisers now owns 4,048,725 shares of the company’s stock worth $139,317,000 after acquiring an additional 723,471 shares in the last quarter. Royal Bank of Canada lifted its stake in Capital Group Core Balanced ETF by 16.2% in the first quarter. Royal Bank of Canada now owns 2,335,514 shares of the company’s stock valued at $80,364,000 after buying an additional 326,314 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its stake in shares of Capital Group Core Balanced ETF by 20.8% during the first quarter. Kestra Advisory Services LLC now owns 1,573,552 shares of the company’s stock worth $54,146,000 after buying an additional 271,207 shares during the period.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL stock traded up $0.17 during trading hours on Friday, reaching $36.95. 752,555 shares of the company’s stock were exchanged, compared to its average volume of 1,518,604. The company’s 50 day moving average is $37.78 and its two-hundred day moving average is $37.10. The company has a market cap of $7.64 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 1 year low of $33.67 and a 1 year high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.2056 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634. The ex-dividend date was Wednesday, September 30th.

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.