Janney Montgomery Scott LLC Increases Stake in Capital Group Core Balanced ETF $CGBL

Janney Montgomery Scott LLC grew its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 55.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,342,291 shares of the company’s stock after purchasing an additional 478,121 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.83% of Capital Group Core Balanced ETF worth $46,188,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CGBL. Kestra Investment Management LLC lifted its stake in shares of Capital Group Core Balanced ETF by 1.1% in the fourth quarter. Kestra Investment Management LLC now owns 25,411 shares of the company’s stock worth $898,000 after buying an additional 276 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its position in Capital Group Core Balanced ETF by 3.3% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 9,004 shares of the company’s stock worth $318,000 after acquiring an additional 286 shares during the last quarter. Allworth Financial LP grew its stake in Capital Group Core Balanced ETF by 6.7% during the 3rd quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock valued at $173,000 after acquiring an additional 311 shares in the last quarter. Beacon Financial Advisory LLC grew its stake in Capital Group Core Balanced ETF by 0.8% during the 4th quarter. Beacon Financial Advisory LLC now owns 43,297 shares of the company’s stock valued at $1,530,000 after acquiring an additional 337 shares in the last quarter. Finally, High Falls Advisors Inc raised its holdings in Capital Group Core Balanced ETF by 4.5% in the 4th quarter. High Falls Advisors Inc now owns 10,064 shares of the company’s stock valued at $356,000 after acquiring an additional 429 shares during the last quarter.

Capital Group Core Balanced ETF Price Performance

CGBL opened at $37.61 on Monday. The company’s 50 day simple moving average is $37.25 and its two-hundred day simple moving average is $36.25. Capital Group Core Balanced ETF has a 1-year low of $33.25 and a 1-year high of $38.20. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

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.