EverSource Wealth Advisors LLC Buys New Holdings in Capital Group Core Balanced ETF $CGBL

EverSource Wealth Advisors LLC purchased a new position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 51,145 shares of the company’s stock, valued at approximately $1,760,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in 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 valued at $163,300,000 after acquiring an additional 3,033,933 shares during the period. LPL Financial LLC raised its position 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. raised its position in shares of Capital Group Core Balanced ETF by 27.6% during the first quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock worth $412,022,000 after purchasing an additional 2,588,189 shares during the period. Aprio Wealth Management LLC acquired a new position in shares of Capital Group Core Balanced ETF during the fourth quarter worth approximately $63,960,000. Finally, J. Derek Lewis & Associates Inc. bought a new position in shares of Capital Group Core Balanced ETF in the 4th quarter worth $40,500,000.

Capital Group Core Balanced ETF Trading Up 1.1%

NYSEARCA CGBL opened at $37.25 on Friday. The company has a fifty day simple moving average of $37.54 and a 200 day simple moving average of $36.57. Capital Group Core Balanced ETF has a 12-month low of $33.25 and a 12-month high of $38.20. The company has a market cap of $7.15 billion, a P/E ratio of 25.37 and a beta of 0.68.

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.