Capital Group Core Balanced ETF $CGBL Stock Position Boosted by J. Derek Lewis & Associates Inc.

J. Derek Lewis & Associates Inc. raised its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 6.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,417,337 shares of the company’s stock after acquiring an additional 80,145 shares during the quarter. Capital Group Core Balanced ETF makes up 9.4% of J. Derek Lewis & Associates Inc.’s holdings, making the stock its largest holding. J. Derek Lewis & Associates Inc.’s holdings in Capital Group Core Balanced ETF were worth $52,091,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGBL. Uhlmann Price Securities LLC increased its stake in Capital Group Core Balanced ETF by 34.2% in the third quarter. Uhlmann Price Securities LLC now owns 29,370 shares of the company’s stock worth $1,079,000 after purchasing an additional 7,491 shares during the period. StoneX Group Inc. purchased a new position in Capital Group Core Balanced ETF in the 3rd quarter worth about $242,000. United Advisor Group LLC increased its stake in Capital Group Core Balanced ETF by 6.0% in the 3rd quarter. United Advisor Group LLC now owns 47,859 shares of the company’s stock worth $1,759,000 after buying an additional 2,702 shares during the period. Birchwood Financial Partners Inc. lifted its holdings in Capital Group Core Balanced ETF by 35.7% during the 3rd quarter. Birchwood Financial Partners Inc. now owns 15,006 shares of the company’s stock valued at $551,000 after buying an additional 3,944 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its holdings in Capital Group Core Balanced ETF by 10.7% during the 3rd quarter. Westside Investment Management Inc. now owns 223,227 shares of the company’s stock valued at $8,204,000 after buying an additional 21,554 shares in the last quarter.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL opened at $36.56 on Friday. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 25.37 and a beta of 0.70. Capital Group Core Balanced ETF has a 1-year low of $33.67 and a 1-year high of $38.68. The company has a 50-day moving average of $37.22 and a 200 day moving average of $36.90.

Capital Group Core Balanced ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a dividend of $0.2056 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634. The ex-dividend date of this dividend was Wednesday, September 30th.

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.