Capital Group Core Balanced ETF $CGBL Shares Purchased by Royal Bank of Canada

Royal Bank of Canada lifted its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 16.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,335,514 shares of the company’s stock after purchasing an additional 326,314 shares during the quarter. Royal Bank of Canada owned about 1.40% of Capital Group Core Balanced ETF worth $80,364,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CGBL. NewEdge Advisors LLC raised its stake in Capital Group Core Balanced ETF by 70.1% during the first quarter. NewEdge Advisors LLC now owns 33,942 shares of the company’s stock worth $1,052,000 after purchasing an additional 13,986 shares during the period. Jane Street Group LLC grew its stake in shares of Capital Group Core Balanced ETF by 25.4% in the 1st quarter. Jane Street Group LLC now owns 281,274 shares of the company’s stock valued at $8,714,000 after buying an additional 57,029 shares during the period. Creative Planning purchased a new stake in shares of Capital Group Core Balanced ETF in the 2nd quarter valued at approximately $218,000. JPMorgan Chase & Co. acquired a new stake in shares of Capital Group Core Balanced ETF during the 2nd quarter worth approximately $269,000. Finally, Diversify Wealth Management LLC increased its holdings in shares of Capital Group Core Balanced ETF by 14.0% during the 2nd quarter. Diversify Wealth Management LLC now owns 11,911 shares of the company’s stock worth $405,000 after buying an additional 1,467 shares during the last quarter.

Capital Group Core Balanced ETF Stock Performance

CGBL stock opened at $37.23 on Friday. Capital Group Core Balanced ETF has a one year low of $33.25 and a one year high of $38.20. The firm has a market cap of $7.15 billion, a PE ratio of 25.37 and a beta of 0.68. The firm’s 50 day moving average price is $37.54 and its 200-day moving average price is $36.57.

Capital Group Core Balanced ETF 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.