Capital Group Core Balanced ETF $CGBL Stock: Mesirow Financial Investment Management Inc. Grows Stake

Mesirow Financial Investment Management Inc. lifted its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 7.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 537,771 shares of the company’s stock after acquiring an additional 35,804 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Capital Group Core Balanced ETF were worth $19,763,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Parkside Financial Bank & Trust bought a new position in shares of Capital Group Core Balanced ETF in the 2nd quarter valued at approximately $33,000. Anchor Investment Management LLC bought a new stake in Capital Group Core Balanced ETF during the first quarter worth approximately $43,000. North Star Investment Management Corp. bought a new stake in Capital Group Core Balanced ETF during the third quarter worth approximately $74,000. CX Institutional bought a new stake in Capital Group Core Balanced ETF during the third quarter worth approximately $78,000. Finally, CoreCap Advisors LLC boosted its position in Capital Group Core Balanced ETF by 130.9% during the third quarter. CoreCap Advisors LLC now owns 2,122 shares of the company’s stock worth $78,000 after purchasing an additional 1,203 shares during the period.

Capital Group Core Balanced ETF Stock Down 0.2%

Shares of CGBL stock opened at $37.06 on Wednesday. Capital Group Core Balanced ETF has a 12 month low of $33.67 and a 12 month high of $38.68. The business’s 50 day moving average is $37.19 and its two-hundred day moving average is $36.91. The company has a market cap of $8.00 billion, a PE ratio of 25.37 and a beta of 0.70.

Capital Group Core Balanced ETF Increases Dividend

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

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.