Capital Group Core Balanced ETF $CGBL Stock: J. Derek Lewis & Associates Inc. Raises Stake

J. Derek Lewis & Associates Inc. boosted its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 6.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,417,337 shares of the company’s stock after buying an additional 80,145 shares during the quarter. Capital Group Core Balanced ETF accounts for approximately 9.4% of J. Derek Lewis & Associates Inc.’s investment portfolio, making the stock its largest position. J. Derek Lewis & Associates Inc. owned 0.66% of Capital Group Core Balanced ETF worth $52,091,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust purchased a new stake in shares of Capital Group Core Balanced ETF in the second quarter valued at $33,000. Anchor Investment Management LLC bought a new stake in shares of Capital Group Core Balanced ETF in the 1st quarter worth about $43,000. North Star Investment Management Corp. purchased a new position in shares of Capital Group Core Balanced ETF during the 3rd quarter worth about $74,000. CX Institutional purchased a new position in shares of Capital Group Core Balanced ETF during the 3rd quarter worth about $78,000. Finally, CoreCap Advisors LLC boosted its stake in shares of Capital Group Core Balanced ETF by 130.9% during the 3rd quarter. CoreCap Advisors LLC now owns 2,122 shares of the company’s stock worth $78,000 after purchasing an additional 1,203 shares during the period.

Capital Group Core Balanced ETF Trading Up 0.4%

Shares of NYSEARCA:CGBL opened at $36.56 on Friday. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 25.37 and a beta of 0.70. Capital Group Core Balanced ETF has a 12 month low of $33.67 and a 12 month high of $38.68. The firm’s 50-day moving average is $37.22 and its 200 day moving average is $36.90.

Capital Group Core Balanced ETF Increases Dividend

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

Capital Group Core Balanced ETF Company 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.