Synergy Investment Management LLC Buys New Holdings in Capital Group Core Balanced ETF $CGBL

Synergy Investment Management LLC purchased a new position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,915 shares of the company’s stock, valued at approximately $969,000.

A number of other institutional investors have also added to or reduced their stakes in CGBL. NWF Advisory Services Inc. raised its position in shares of Capital Group Core Balanced ETF by 1.7% during the second quarter. NWF Advisory Services Inc. now owns 18,124 shares of the company’s stock valued at $606,000 after buying an additional 309 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its stake in Capital Group Core Balanced ETF by 4.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 8,120 shares of the company’s stock valued at $272,000 after acquiring an additional 319 shares in the last quarter. Balboa Wealth Partners grew its stake in Capital Group Core Balanced ETF by 2.3% during the third quarter. Balboa Wealth Partners now owns 15,065 shares of the company’s stock valued at $523,000 after acquiring an additional 342 shares in the last quarter. Allworth Financial LP increased its holdings in Capital Group Core Balanced ETF by 9.1% in the 2nd quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock valued at $156,000 after acquiring an additional 390 shares during the last quarter. Finally, Carson Advisory Inc. lifted its stake in Capital Group Core Balanced ETF by 3.8% in the 3rd quarter. Carson Advisory Inc. now owns 13,575 shares of the company’s stock worth $471,000 after purchasing an additional 500 shares in the last quarter.

Capital Group Core Balanced ETF Stock Up 0.2%

CGBL opened at $36.35 on Thursday. The company has a market capitalization of $4.91 billion, a PE ratio of 25.37 and a beta of 0.69. The firm has a 50-day simple moving average of $35.94 and a two-hundred day simple moving average of $35.07. Capital Group Core Balanced ETF has a 52 week low of $28.22 and a 52 week high of $36.63.

Capital Group Core Balanced ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a dividend of $0.2251 per share. The ex-dividend date of this dividend was Friday, December 26th. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a yield of 2.5%.

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.