Capital Group Core Balanced ETF $CGBL Stock Purchased by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. boosted its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 7.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 537,771 shares of the company’s stock after buying an additional 35,804 shares during the period. Mesirow Financial Investment Management Inc. owned about 0.25% of Capital Group Core Balanced ETF worth $19,763,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CGBL. Commonwealth Equity Services LLC increased its position in shares of Capital Group Core Balanced ETF by 12.3% in the third quarter. Commonwealth Equity Services LLC now owns 3,910,516 shares of the company’s stock worth $143,711,000 after acquiring an additional 426,969 shares in the last quarter. Cetera Investment Advisers increased its stake in Capital Group Core Balanced ETF by 21.8% in the 1st quarter. Cetera Investment Advisers now owns 4,048,725 shares of the company’s stock valued at $139,317,000 after buying an additional 723,471 shares during the period. Royal Bank of Canada increased its stake in shares of Capital Group Core Balanced ETF by 16.2% in the first quarter. Royal Bank of Canada now owns 2,335,514 shares of the company’s stock worth $80,364,000 after acquiring an additional 326,314 shares during the last quarter. Kestra Advisory Services LLC raised its stake in shares of Capital Group Core Balanced ETF by 15.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 2,022,707 shares of the company’s stock worth $74,334,000 after purchasing an additional 264,114 shares in the last quarter. Finally, J. Derek Lewis & Associates Inc. raised its position in Capital Group Core Balanced ETF by 6.0% during the third quarter. J. Derek Lewis & Associates Inc. now owns 1,417,337 shares of the company’s stock valued at $52,091,000 after acquiring an additional 80,145 shares in the last quarter.

Capital Group Core Balanced ETF Stock Down 0.2%

CGBL stock opened at $37.06 on Wednesday. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of 25.37 and a beta of 0.70. Capital Group Core Balanced ETF has a 12 month low of $33.67 and a 12 month high of $38.68. The firm has a 50 day moving average of $37.19 and a two-hundred day moving average of $36.91.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently declared 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. The ex-dividend date was Wednesday, September 30th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634.

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.