EverSource Wealth Advisors LLC Makes New $1.76 Million Investment in Capital Group Core Balanced ETF $CGBL

EverSource Wealth Advisors LLC acquired a new position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 51,145 shares of the company’s stock, valued at approximately $1,760,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CoreCap Advisors LLC grew its stake in Capital Group Core Balanced ETF by 14,657.1% during the fourth quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock worth $36,000 after purchasing an additional 1,026 shares during the period. Anchor Investment Management LLC acquired a new position in Capital Group Core Balanced ETF in the first quarter valued at approximately $43,000. US Bancorp DE lifted its stake in Capital Group Core Balanced ETF by 204.6% in the third quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after buying an additional 1,105 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in shares of Capital Group Core Balanced ETF by 77.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock worth $81,000 after buying an additional 1,006 shares in the last quarter. Finally, Godfrey Financial Associates Inc. bought a new position in shares of Capital Group Core Balanced ETF during the 4th quarter worth approximately $84,000.

Capital Group Core Balanced ETF Stock Up 1.1%

Shares of CGBL stock opened at $37.25 on Friday. The firm has a 50 day moving average of $37.54 and a 200-day moving average of $36.57. The company has a market cap of $7.15 billion, a price-to-earnings 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.