Dakota Wealth Management Lowers Stock Holdings in Capital Group Core Balanced ETF $CGBL

Dakota Wealth Management reduced its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 6.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 23,184 shares of the company’s stock after selling 1,661 shares during the period. Dakota Wealth Management’s holdings in Capital Group Core Balanced ETF were worth $779,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. tru Independence LLC grew its stake in shares of Capital Group Core Balanced ETF by 7.8% during the 2nd quarter. tru Independence LLC now owns 8,370 shares of the company’s stock valued at $280,000 after buying an additional 609 shares during the period. Opal Wealth Advisors LLC grew its stake in shares of Capital Group Core Balanced ETF by 106.9% during the 2nd quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock valued at $46,000 after buying an additional 709 shares during the period. AdvisorNet Financial Inc grew its stake in shares of Capital Group Core Balanced ETF by 26.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 26,163 shares of the company’s stock valued at $875,000 after buying an additional 5,443 shares during the period. Sweeney & Michel LLC purchased a new stake in shares of Capital Group Core Balanced ETF during the 2nd quarter valued at $216,000. Finally, LongView Wealth Management grew its stake in shares of Capital Group Core Balanced ETF by 18.2% during the 2nd quarter. LongView Wealth Management now owns 158,837 shares of the company’s stock valued at $5,312,000 after buying an additional 24,473 shares during the period.

Capital Group Core Balanced ETF Stock Up 0.4%

Shares of NYSEARCA CGBL opened at $34.85 on Friday. Capital Group Core Balanced ETF has a 52-week low of $28.22 and a 52-week high of $35.08. The firm has a fifty day moving average of $34.16 and a 200-day moving average of $32.59. The stock has a market capitalization of $2.84 billion, a PE ratio of 25.37 and a beta of 0.76.

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.