Capital Group Core Balanced ETF $CGBL is Seamount Financial Group Inc.’s 5th Largest Position

Seamount Financial Group Inc. increased its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 24.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 241,321 shares of the company’s stock after acquiring an additional 47,538 shares during the period. Capital Group Core Balanced ETF makes up about 3.7% of Seamount Financial Group Inc.’s portfolio, making the stock its 5th biggest holding. Seamount Financial Group Inc.’s holdings in Capital Group Core Balanced ETF were worth $8,304,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in Capital Group Core Balanced ETF by 191.0% during the 4th quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock valued at $163,300,000 after purchasing an additional 3,033,933 shares during the last quarter. LPL Financial LLC raised its stake in shares of Capital Group Core Balanced ETF by 27.7% in the fourth quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock worth $444,300,000 after purchasing an additional 2,726,819 shares during the last quarter. Aprio Wealth Management LLC purchased a new position in shares of Capital Group Core Balanced ETF in the fourth quarter worth about $63,960,000. J. Derek Lewis & Associates Inc. acquired a new stake in shares of Capital Group Core Balanced ETF during the fourth quarter worth about $40,500,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Capital Group Core Balanced ETF by 40.1% during the fourth quarter. Cetera Investment Advisers now owns 3,325,254 shares of the company’s stock worth $117,481,000 after purchasing an additional 952,356 shares during the period.

Capital Group Core Balanced ETF Stock Up 0.1%

Shares of NYSEARCA CGBL opened at $37.74 on Friday. The business’s 50 day moving average price is $37.35 and its 200 day moving average price is $36.31. The firm has a market cap of $7.07 billion, a P/E ratio of 25.37 and a beta of 0.68. Capital Group Core Balanced ETF has a 52 week low of $33.25 and a 52 week high of $38.20.

About Capital Group Core Balanced ETF

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.