Gateway Wealth Partners LLC Raises Position in Capital Group Core Balanced ETF $CGBL

Gateway Wealth Partners LLC lifted its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 442.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,388 shares of the company’s stock after purchasing an additional 285,763 shares during the quarter. Gateway Wealth Partners LLC owned about 0.21% of Capital Group Core Balanced ETF worth $12,057,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CGBL. 44 Wealth Management LLC acquired a new position in Capital Group Core Balanced ETF during the 1st quarter valued at about $508,000. CLG LLC boosted its holdings in Capital Group Core Balanced ETF by 24.4% in the first quarter. CLG LLC now owns 204,440 shares of the company’s stock worth $7,035,000 after acquiring an additional 40,089 shares in the last quarter. Modern Wealth Management LLC boosted its holdings in Capital Group Core Balanced ETF by 5.5% in the first quarter. Modern Wealth Management LLC now owns 12,414 shares of the company’s stock worth $430,000 after acquiring an additional 652 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Capital Group Core Balanced ETF by 21.8% during the first quarter. Cetera Investment Advisers now owns 4,048,725 shares of the company’s stock worth $139,317,000 after acquiring an additional 723,471 shares during the last quarter. Finally, Summit Global Investments grew its stake in shares of Capital Group Core Balanced ETF by 2.7% during the first quarter. Summit Global Investments now owns 16,149 shares of the company’s stock worth $556,000 after acquiring an additional 426 shares during the last quarter.

Capital Group Core Balanced ETF Price Performance

CGBL opened at $37.16 on Monday. Capital Group Core Balanced ETF has a 52-week low of $33.25 and a 52-week high of $38.20. The company has a market cap of $7.06 billion, a P/E ratio of 25.37 and a beta of 0.68. The firm’s 50-day moving average price is $37.51 and its 200-day moving average price is $36.54.

Capital Group Core Balanced ETF 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.