Westside Investment Management Inc. Buys 21,554 Shares of Capital Group Core Balanced ETF $CGBL

Westside Investment Management Inc. lifted its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 10.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 223,227 shares of the company’s stock after acquiring an additional 21,554 shares during the period. Capital Group Core Balanced ETF accounts for 1.0% of Westside Investment Management Inc.’s portfolio, making the stock its 20th largest position. Westside Investment Management Inc.’s holdings in Capital Group Core Balanced ETF were worth $8,204,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Simplicity Wealth LLC boosted its position in shares of Capital Group Core Balanced ETF by 4.4% in the first quarter. Simplicity Wealth LLC now owns 8,718 shares of the company’s stock worth $300,000 after acquiring an additional 367 shares during the last quarter. Harmony Asset Management LLC increased its position in Capital Group Core Balanced ETF by 7.0% during the first quarter. Harmony Asset Management LLC now owns 6,333 shares of the company’s stock worth $218,000 after purchasing an additional 414 shares during the last quarter. Sanctuary Advisors LLC increased its position in Capital Group Core Balanced ETF by 4.6% during the first quarter. Sanctuary Advisors LLC now owns 9,556 shares of the company’s stock worth $329,000 after purchasing an additional 416 shares during the last quarter. Summit Global Investments raised its stake in 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 purchasing an additional 426 shares during the period. Finally, Verus Capital Partners LLC raised its stake in Capital Group Core Balanced ETF by 8.0% during the first quarter. Verus Capital Partners LLC now owns 7,489 shares of the company’s stock worth $258,000 after purchasing an additional 554 shares during the period.

Capital Group Core Balanced ETF Stock Down 2.3%

Shares of CGBL opened at $36.41 on Friday. The firm has a market cap of $7.81 billion, a PE ratio of 25.37 and a beta of 0.70. The company’s fifty day moving average is $37.26 and its two-hundred day moving average is $36.90. Capital Group Core Balanced ETF has a fifty-two week low of $33.67 and a fifty-two week high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.2056 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, September 30th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634.

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.