KWB Wealth Grows Stock Holdings in Capital Group Core Balanced ETF $CGBL

KWB Wealth increased its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 68.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 232,371 shares of the company’s stock after buying an additional 94,064 shares during the period. Capital Group Core Balanced ETF comprises 0.8% of KWB Wealth’s portfolio, making the stock its 27th largest holding. KWB Wealth owned 0.30% of Capital Group Core Balanced ETF worth $7,199,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. A&I Financial Services LLC boosted its holdings in Capital Group Core Balanced ETF by 4.5% during the first quarter. A&I Financial Services LLC now owns 8,179 shares of the company’s stock worth $253,000 after buying an additional 355 shares in the last quarter. Tennessee Valley Asset Management Partners boosted its holdings in Capital Group Core Balanced ETF by 3.6% during the first quarter. Tennessee Valley Asset Management Partners now owns 15,925 shares of the company’s stock worth $493,000 after buying an additional 555 shares in the last quarter. United Advisor Group LLC boosted its holdings in Capital Group Core Balanced ETF by 3.4% during the first quarter. United Advisor Group LLC now owns 16,894 shares of the company’s stock worth $523,000 after buying an additional 560 shares in the last quarter. Certior Financial Group LLC boosted its holdings in Capital Group Core Balanced ETF by 4.9% during the first quarter. Certior Financial Group LLC now owns 12,152 shares of the company’s stock worth $376,000 after buying an additional 565 shares in the last quarter. Finally, RFG Advisory LLC boosted its holdings in Capital Group Core Balanced ETF by 1.3% during the first quarter. RFG Advisory LLC now owns 46,692 shares of the company’s stock worth $1,447,000 after buying an additional 594 shares in the last quarter.

Capital Group Core Balanced ETF Trading Up 0.4%

CGBL stock 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 company has a market cap of $2.84 billion, a P/E ratio of 25.37 and a beta of 0.76. The company’s 50-day moving average price is $34.16 and its 200 day moving average price is $32.59.

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.