Capital Group Core Balanced ETF $CGBL Stock Purchased by Old North State Wealth Management LLC

Old North State Wealth Management LLC raised its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 77.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,789 shares of the company’s stock after acquiring an additional 14,740 shares during the period. Old North State Wealth Management LLC’s holdings in Capital Group Core Balanced ETF were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its position in shares of Capital Group Core Balanced ETF by 24.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 172,718 shares of the company’s stock valued at $6,556,000 after purchasing an additional 33,502 shares during the period. CWS Financial Advisors LLC increased its stake in Capital Group Core Balanced ETF by 12.8% during the 1st quarter. CWS Financial Advisors LLC now owns 120,953 shares of the company’s stock worth $4,162,000 after purchasing an additional 13,704 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in Capital Group Core Balanced ETF by 8.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 623,389 shares of the company’s stock worth $23,664,000 after purchasing an additional 50,481 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in Capital Group Core Balanced ETF by 17.0% during the 1st quarter. Koshinski Asset Management Inc. now owns 136,129 shares of the company’s stock worth $4,684,000 after purchasing an additional 19,819 shares in the last quarter. Finally, Worth Asset Management LLC raised its holdings in Capital Group Core Balanced ETF by 6.7% during the 2nd quarter. Worth Asset Management LLC now owns 209,524 shares of the company’s stock worth $7,954,000 after buying an additional 13,200 shares during the period.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL stock opened at $36.81 on Friday. Capital Group Core Balanced ETF has a 52 week low of $33.67 and a 52 week high of $38.68. The company’s 50 day moving average price is $37.54 and its two-hundred day moving average price is $37.37. The company has a market capitalization of $7.80 billion, a P/E ratio of 25.37 and a beta of 0.70.

Capital Group Core Balanced ETF Increases Dividend

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

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.