HUB Investment Partners LLC Sells 14,855 Shares of Capital Group Core Balanced ETF $CGBL

HUB Investment Partners LLC lowered its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 42.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,238 shares of the company’s stock after selling 14,855 shares during the quarter. HUB Investment Partners LLC’s holdings in Capital Group Core Balanced ETF were worth $703,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Advance Capital Management Inc. increased its stake in shares of Capital Group Core Balanced ETF by 242.6% in the third quarter. Advance Capital Management Inc. now owns 9,275,964 shares of the company’s stock valued at $322,061,000 after buying an additional 6,568,560 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Capital Group Core Balanced ETF by 31.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock worth $189,156,000 after buying an additional 1,307,832 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Capital Group Core Balanced ETF by 13.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,061,754 shares of the company’s stock worth $71,584,000 after buying an additional 242,948 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Capital Group Core Balanced ETF by 7.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,937,897 shares of the company’s stock worth $67,574,000 after acquiring an additional 141,375 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Capital Group Core Balanced ETF by 75.6% during the 2nd quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock worth $61,488,000 after acquiring an additional 791,376 shares during the last quarter.

Capital Group Core Balanced ETF Trading Down 1.0%

CGBL opened at $35.57 on Monday. Capital Group Core Balanced ETF has a 1-year low of $28.22 and a 1-year high of $36.71. The stock has a market capitalization of $4.81 billion, a PE ratio of 25.37 and a beta of 0.69. The firm has a 50-day moving average price of $36.14 and a two-hundred day moving average price of $35.29.

Capital Group Core Balanced ETF Increases Dividend

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

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.