Gerber Kawasaki Wealth & Investment Management Raises Holdings in Capital Group Core Balanced ETF $CGBL

Gerber Kawasaki Wealth & Investment Management grew its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 16.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,489 shares of the company’s stock after acquiring an additional 15,162 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned about 0.10% of Capital Group Core Balanced ETF worth $3,697,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Advance Capital Management Inc. grew its position in Capital Group Core Balanced ETF by 242.6% during the 3rd quarter. Advance Capital Management Inc. now owns 9,275,964 shares of the company’s stock worth $322,061,000 after purchasing an additional 6,568,560 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Capital Group Core Balanced ETF by 31.6% during the third quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock valued at $189,156,000 after buying an additional 1,307,832 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Capital Group Core Balanced ETF by 13.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,061,754 shares of the company’s stock valued at $71,584,000 after acquiring an additional 242,948 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Capital Group Core Balanced ETF by 7.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,937,897 shares of the company’s stock valued at $67,574,000 after acquiring an additional 141,375 shares during the period. Finally, Raymond James Financial Inc. raised its stake in Capital Group Core Balanced ETF by 75.6% in 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 Stock Performance

Shares of CGBL opened at $35.57 on Monday. The stock has a 50-day moving average of $36.14 and a two-hundred day moving average of $35.29. Capital Group Core Balanced ETF has a one year low of $28.22 and a one year high of $36.71. The stock has a market cap of $4.81 billion, a P/E ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a $0.2251 dividend. The ex-dividend date was Friday, December 26th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a dividend 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.