Capital Group Core Balanced ETF $CGBL Stock Acquired by MGO One Seven LLC

MGO One Seven LLC boosted its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 9.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 165,571 shares of the company’s stock after purchasing an additional 13,895 shares during the quarter. MGO One Seven LLC owned about 0.08% of Capital Group Core Balanced ETF worth $6,085,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Founders Financial Securities LLC increased its holdings in shares of Capital Group Core Balanced ETF by 12.9% during the 3rd quarter. Founders Financial Securities LLC now owns 315,090 shares of the company’s stock worth $11,580,000 after buying an additional 36,024 shares during the last quarter. Blueprint Investment Partners LLC boosted its holdings in Capital Group Core Balanced ETF by 10.6% in the third quarter. Blueprint Investment Partners LLC now owns 111,518 shares of the company’s stock valued at $4,098,000 after acquiring an additional 10,721 shares during the last quarter. Blueprint Financial Advisors LLC grew its position in Capital Group Core Balanced ETF by 10.6% during the third quarter. Blueprint Financial Advisors LLC now owns 111,518 shares of the company’s stock valued at $4,098,000 after acquiring an additional 10,721 shares during the period. D.A. Davidson & CO. grew its position in Capital Group Core Balanced ETF by 7.7% during the third quarter. D.A. Davidson & CO. now owns 364,683 shares of the company’s stock valued at $13,402,000 after acquiring an additional 25,950 shares during the period. Finally, North Star Investment Management Corp. purchased a new stake in Capital Group Core Balanced ETF during the third quarter valued at about $74,000.

Capital Group Core Balanced ETF Price Performance

Shares of NYSEARCA:CGBL opened at $36.69 on Monday. The firm has a market capitalization of $7.85 billion, a PE ratio of 25.37 and a beta of 0.70. The business has a 50-day moving average of $37.38 and a two-hundred day moving average of $36.89. Capital Group Core Balanced ETF has a 12 month low of $33.67 and a 12 month high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.2056 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date 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 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.