J. Derek Lewis & Associates Inc. Boosts Stock Position in Capital Group Core Balanced ETF $CGBL

J. Derek Lewis & Associates Inc. increased its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 7.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,236,940 shares of the company’s stock after acquiring an additional 90,606 shares during the quarter. Capital Group Core Balanced ETF makes up approximately 9.5% of J. Derek Lewis & Associates Inc.’s portfolio, making the stock its largest position. J. Derek Lewis & Associates Inc.’s holdings in Capital Group Core Balanced ETF were worth $42,618,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CGBL. Kestra Investment Management LLC increased its position in Capital Group Core Balanced ETF by 1.1% in the 4th quarter. Kestra Investment Management LLC now owns 25,411 shares of the company’s stock worth $898,000 after buying an additional 276 shares during the period. Vermillion & White Wealth Management Group LLC boosted its position in shares of Capital Group Core Balanced ETF by 3.3% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 9,004 shares of the company’s stock valued at $318,000 after acquiring an additional 286 shares during the period. Beacon Financial Advisory LLC grew its stake in shares of Capital Group Core Balanced ETF by 0.8% in the fourth quarter. Beacon Financial Advisory LLC now owns 43,297 shares of the company’s stock worth $1,530,000 after acquiring an additional 337 shares during the last quarter. Simplicity Wealth LLC grew its stake in shares of Capital Group Core Balanced ETF by 4.4% in the first quarter. Simplicity Wealth LLC now owns 8,718 shares of the company’s stock worth $300,000 after acquiring an additional 367 shares during the last quarter. Finally, Harmony Asset Management LLC increased its position in Capital Group Core Balanced ETF by 7.0% during the first quarter. Harmony Asset Management LLC now owns 6,333 shares of the company’s stock worth $218,000 after acquiring an additional 414 shares during the period.

Capital Group Core Balanced ETF Trading Up 1.1%

Shares of CGBL stock opened at $37.25 on Friday. The firm has a market capitalization of $7.15 billion, a P/E ratio of 25.37 and a beta of 0.68. Capital Group Core Balanced ETF has a 1 year low of $33.25 and a 1 year high of $38.20. The firm’s fifty day simple moving average is $37.54 and its 200 day simple moving average is $36.57.

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.