Gerber Kawasaki Wealth & Investment Management Boosts Position in Capital Group Core Balanced ETF $CGBL

Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 16.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 106,489 shares of the company’s stock after buying an additional 15,162 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in Capital Group Core Balanced ETF were worth $3,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in CGBL. Advance Capital Management Inc. increased its stake in shares of Capital Group Core Balanced ETF by 242.6% in the third quarter. Advance Capital Management Inc. now owns 9,275,964 shares of the company’s stock worth $322,061,000 after acquiring an additional 6,568,560 shares during the period. Envestnet Asset Management Inc. lifted its position in Capital Group Core Balanced ETF by 31.6% during the third quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock valued at $189,156,000 after purchasing an additional 1,307,832 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Capital Group Core Balanced ETF by 13.4% in the third quarter. Commonwealth Equity Services LLC now owns 2,061,754 shares of the company’s stock valued at $71,584,000 after purchasing an additional 242,948 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Capital Group Core Balanced ETF by 7.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,937,897 shares of the company’s stock valued at $67,574,000 after purchasing an additional 141,375 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in Capital Group Core Balanced ETF by 75.6% during the 2nd quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock worth $61,488,000 after purchasing an additional 791,376 shares during the period.

Capital Group Core Balanced ETF Stock Performance

NYSEARCA CGBL opened at $35.57 on Monday. The stock has a 50-day simple moving average of $36.14 and a two-hundred day simple moving average of $35.29. The firm has a market capitalization of $4.81 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a fifty-two week low of $28.22 and a fifty-two week high of $36.71.

Capital Group Core Balanced ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a dividend of $0.2251 per share. This represents a $0.90 annualized dividend and a yield of 2.5%. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, December 26th.

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.