Capital Group Core Balanced ETF $CGBL Stock Position Increased by LPL Financial LLC

LPL Financial LLC boosted its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 27.7% during the 4th quarter, HoldingsChannel reports. The firm owned 12,575,716 shares of the company’s stock after buying an additional 2,726,819 shares during the quarter. LPL Financial LLC owned approximately 0.09% of Capital Group Core Balanced ETF worth $444,300,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Advance Capital Management Inc. raised its position in shares of Capital Group Core Balanced ETF by 1.2% during the 4th quarter. Advance Capital Management Inc. now owns 9,385,711 shares of the company’s stock worth $331,597,000 after buying an additional 109,747 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Capital Group Core Balanced ETF by 17.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 2,252,009 shares of the company’s stock worth $79,563,000 after buying an additional 330,471 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Capital Group Core Balanced ETF by 20.2% during the 3rd quarter. Raymond James Financial Inc. now owns 2,209,899 shares of the company’s stock worth $76,728,000 after buying an additional 371,133 shares in the last quarter. CWM LLC raised its position in shares of Capital Group Core Balanced ETF by 5.7% during the 4th quarter. CWM LLC now owns 2,168,040 shares of the company’s stock worth $76,597,000 after buying an additional 117,287 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Capital Group Core Balanced ETF by 4.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,029,102 shares of the company’s stock worth $73,129,000 after buying an additional 91,205 shares in the last quarter.

Capital Group Core Balanced ETF Trading Up 0.2%

CGBL stock opened at $37.10 on Tuesday. Capital Group Core Balanced ETF has a 52 week low of $32.46 and a 52 week high of $38.05. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. The firm’s 50-day moving average is $36.54 and its two-hundred day moving average is $35.98.

Capital Group Core Balanced ETF Company 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.