Capital Group Core Balanced ETF $CGBL Shares Bought by IFP Advisors Inc

IFP Advisors Inc increased its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 9.8% during the third quarter, Holdings Channel.com reports. The firm owned 381,081 shares of the company’s stock after acquiring an additional 34,066 shares during the quarter. IFP Advisors Inc’s holdings in Capital Group Core Balanced ETF were worth $14,005,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. High Net Worth Advisory Group LLC raised its stake in Capital Group Core Balanced ETF by 7.1% during the 1st quarter. High Net Worth Advisory Group LLC now owns 316,985 shares of the company’s stock valued at $10,907,000 after buying an additional 21,148 shares during the last quarter. CWS Financial Advisors LLC lifted its holdings in shares of Capital Group Core Balanced ETF by 12.8% during the 1st quarter. CWS Financial Advisors LLC now owns 120,953 shares of the company’s stock valued at $4,162,000 after buying an additional 13,704 shares during the period. J. Derek Lewis & Associates Inc. bought a new position in shares of Capital Group Core Balanced ETF during the 4th quarter valued at $40,500,000. Concurrent Investment Advisors LLC boosted its stake in shares of Capital Group Core Balanced ETF by 8.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 623,389 shares of the company’s stock worth $23,664,000 after buying an additional 50,481 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in shares of Capital Group Core Balanced ETF by 17.0% in the 1st quarter. Koshinski Asset Management Inc. now owns 136,129 shares of the company’s stock worth $4,684,000 after buying an additional 19,819 shares during the last quarter.

Capital Group Core Balanced ETF Stock Performance

Shares of NYSEARCA:CGBL opened at $36.85 on Friday. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 25.37 and a beta of 0.70. The stock’s 50-day simple moving average is $37.66 and its two-hundred day simple moving average is $37.28. Capital Group Core Balanced ETF has a 52-week low of $33.67 and a 52-week high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a dividend of $0.2056 per share. This represents a $0.82 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, September 30th. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634.

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.