Capital Group Core Balanced ETF $CGBL Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. trimmed its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 31.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 253,347 shares of the company’s stock after selling 114,291 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Capital Group Core Balanced ETF were worth $8,951,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CGBL. Aprio Wealth Management LLC acquired a new stake in Capital Group Core Balanced ETF in the 4th quarter worth about $63,960,000. Envestnet Asset Management Inc. boosted its stake in Capital Group Core Balanced ETF by 31.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock worth $189,156,000 after buying an additional 1,307,832 shares during the last quarter. Raymond James Financial Inc. boosted its stake in Capital Group Core Balanced ETF by 75.6% in the 2nd quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock worth $61,488,000 after buying an additional 791,376 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Capital Group Core Balanced ETF by 56.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,009,987 shares of the company’s stock worth $35,198,000 after buying an additional 365,941 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in Capital Group Core Balanced ETF by 72.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 843,949 shares of the company’s stock worth $29,817,000 after buying an additional 354,864 shares during the last quarter.

Capital Group Core Balanced ETF Trading Up 0.2%

Shares of NYSEARCA:CGBL opened at $37.36 on Thursday. The stock’s 50-day moving average price is $35.76 and its two-hundred day moving average price is $35.65. Capital Group Core Balanced ETF has a 12-month low of $31.52 and a 12-month high of $37.40. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

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.