Capital Group Core Balanced ETF $CGBL Shares Purchased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC increased its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 442.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 350,388 shares of the company’s stock after acquiring an additional 285,763 shares during the period. Gateway Wealth Partners LLC’s holdings in Capital Group Core Balanced ETF were worth $12,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in shares of Capital Group Core Balanced ETF by 191.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock worth $163,300,000 after purchasing an additional 3,033,933 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Capital Group Core Balanced ETF by 27.7% during the fourth quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock worth $444,300,000 after purchasing an additional 2,726,819 shares during the period. Advance Capital Management Inc. boosted its position in Capital Group Core Balanced ETF by 27.6% in the first quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock valued at $412,022,000 after buying an additional 2,588,189 shares during the last quarter. Aprio Wealth Management LLC purchased a new stake in Capital Group Core Balanced ETF in the fourth quarter valued at approximately $63,960,000. Finally, J. Derek Lewis & Associates Inc. acquired a new position in Capital Group Core Balanced ETF in the 4th quarter worth approximately $40,500,000.

Capital Group Core Balanced ETF Stock Performance

CGBL opened at $37.16 on Monday. Capital Group Core Balanced ETF has a 12-month low of $33.25 and a 12-month high of $38.20. The firm has a market capitalization of $7.06 billion, a PE ratio of 25.37 and a beta of 0.68. The firm has a 50 day moving average of $37.51 and a two-hundred day moving average of $36.54.

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.