Founders Financial Securities LLC Buys 36,024 Shares of Capital Group Core Balanced ETF $CGBL

Founders Financial Securities LLC increased its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 12.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 315,090 shares of the company’s stock after acquiring an additional 36,024 shares during the quarter. Founders Financial Securities LLC’s holdings in Capital Group Core Balanced ETF were worth $11,580,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Blueprint Investment Partners LLC raised its stake in Capital Group Core Balanced ETF by 10.6% during the third quarter. Blueprint Investment Partners LLC now owns 111,518 shares of the company’s stock worth $4,098,000 after purchasing an additional 10,721 shares during the period. Blueprint Financial Advisors LLC boosted its holdings in Capital Group Core Balanced ETF by 10.6% in the 3rd quarter. Blueprint Financial Advisors LLC now owns 111,518 shares of the company’s stock valued at $4,098,000 after purchasing an additional 10,721 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Capital Group Core Balanced ETF by 7.7% in the 3rd quarter. D.A. Davidson & CO. now owns 364,683 shares of the company’s stock valued at $13,402,000 after purchasing an additional 25,950 shares during the last quarter. North Star Investment Management Corp. acquired a new position in Capital Group Core Balanced ETF in the 3rd quarter valued at about $74,000. Finally, Latitude Advisors LLC grew its stake in shares of Capital Group Core Balanced ETF by 12.5% in the 3rd quarter. Latitude Advisors LLC now owns 35,076 shares of the company’s stock valued at $1,289,000 after buying an additional 3,904 shares during the period.

Capital Group Core Balanced ETF Price Performance

Capital Group Core Balanced ETF stock opened at $37.09 on Friday. The firm has a 50 day simple moving average of $37.40 and a 200-day simple moving average of $36.89. Capital Group Core Balanced ETF has a 1-year low of $33.67 and a 1-year high of $38.68. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 25.37 and a beta of 0.70.

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 given a dividend of $0.2056 per share. 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. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634.

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.