Wealth Enhancement Advisory Services LLC Has $67.57 Million Stock Holdings in Capital Group Core Balanced ETF $CGBL

Wealth Enhancement Advisory Services LLC grew its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 7.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,937,897 shares of the company’s stock after purchasing an additional 141,375 shares during the period. Wealth Enhancement Advisory Services LLC owned about 1.82% of Capital Group Core Balanced ETF worth $67,574,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC increased its stake in shares of Capital Group Core Balanced ETF by 106.9% in the second quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock worth $46,000 after purchasing an additional 709 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Capital Group Core Balanced ETF by 9.1% in the 2nd quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock worth $156,000 after buying an additional 390 shares during the last quarter. Financial Perspectives Inc lifted its holdings in shares of Capital Group Core Balanced ETF by 225.9% during the 2nd quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock worth $195,000 after acquiring an additional 4,035 shares during the last quarter. M.E. Allison & CO. Inc. purchased a new stake in Capital Group Core Balanced ETF in the third quarter worth approximately $207,000. Finally, Savvy Advisors Inc. purchased a new stake in shares of Capital Group Core Balanced ETF in the 2nd quarter worth about $203,000.

Capital Group Core Balanced ETF Stock Down 0.9%

Shares of Capital Group Core Balanced ETF stock traded down $0.32 on Tuesday, reaching $35.98. The company’s stock had a trading volume of 165,081 shares, compared to its average volume of 1,037,607. Capital Group Core Balanced ETF has a 52 week low of $28.22 and a 52 week high of $36.42. The firm’s fifty day simple moving average is $35.36 and its two-hundred day simple moving average is $34.69. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.2251 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.90 annualized dividend and a dividend yield of 2.5%. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

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.