Modern Wealth Management LLC Acquires 1,240 Shares of Capital Group Core Balanced ETF $CGBL

Modern Wealth Management LLC raised its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 15.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,520 shares of the company’s stock after purchasing an additional 1,240 shares during the quarter. Modern Wealth Management LLC’s holdings in Capital Group Core Balanced ETF were worth $295,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CGBL. Financial Perspectives Inc bought a new stake in shares of Capital Group Core Balanced ETF in the 1st quarter worth $55,000. Capital A Wealth Management LLC bought a new stake in shares of Capital Group Core Balanced ETF in the 4th quarter worth $64,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Capital Group Core Balanced ETF in the 1st quarter worth $75,000. Allworth Financial LP grew its stake in shares of Capital Group Core Balanced ETF by 30.5% in the 1st quarter. Allworth Financial LP now owns 4,276 shares of the company’s stock worth $131,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Capital Group Core Balanced ETF by 39.2% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,709 shares of the company’s stock worth $146,000 after acquiring an additional 1,327 shares in the last quarter.

Capital Group Core Balanced ETF Price Performance

NYSEARCA CGBL opened at $34.89 on Tuesday. Capital Group Core Balanced ETF has a 1 year low of $28.22 and a 1 year high of $34.95. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 25.37 and a beta of 0.76. The company has a fifty day moving average price of $33.94 and a 200-day moving average price of $32.38.

Capital Group Core Balanced ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 30th were paid a $0.1645 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.66 annualized dividend and a dividend yield of 1.9%.

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.