GPS Wealth Strategies Group LLC Buys 23,890 Shares of Capital Group Core Balanced ETF $CGBL

GPS Wealth Strategies Group LLC grew its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 48.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 72,900 shares of the company’s stock after acquiring an additional 23,890 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Capital Group Core Balanced ETF were worth $2,531,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CGBL. NWF Advisory Services Inc. grew its position in Capital Group Core Balanced ETF by 1.7% during the 2nd quarter. NWF Advisory Services Inc. now owns 18,124 shares of the company’s stock worth $606,000 after acquiring an additional 309 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its holdings in shares of Capital Group Core Balanced ETF by 4.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 8,120 shares of the company’s stock worth $272,000 after purchasing an additional 319 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Capital Group Core Balanced ETF by 9.1% during the second quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock worth $156,000 after purchasing an additional 390 shares during the last quarter. Bridgewealth Advisory Group LLC increased its stake in shares of Capital Group Core Balanced ETF by 3.5% in the third quarter. Bridgewealth Advisory Group LLC now owns 17,209 shares of the company’s stock valued at $598,000 after buying an additional 578 shares during the period. Finally, KPP Advisory Services LLC boosted its position in Capital Group Core Balanced ETF by 3.4% during the 3rd quarter. KPP Advisory Services LLC now owns 18,128 shares of the company’s stock worth $629,000 after buying an additional 595 shares during the period.

Capital Group Core Balanced ETF Stock Performance

Shares of NYSEARCA CGBL opened at $36.46 on Thursday. The firm has a 50 day moving average price of $35.59 and a two-hundred day moving average price of $34.81. The stock has a market cap of $4.79 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 52-week low of $28.22 and a 52-week high of $36.53.

Capital Group Core Balanced ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a $0.2251 dividend. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 26th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.5%.

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.