Janney Montgomery Scott LLC Has $10.38 Million Stock Holdings in Capital Group Core Balanced ETF $CGBL

Janney Montgomery Scott LLC boosted its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 69.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 310,430 shares of the company’s stock after buying an additional 127,329 shares during the period. Janney Montgomery Scott LLC owned approximately 0.40% of Capital Group Core Balanced ETF worth $10,381,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CGBL. LPL Financial LLC raised its holdings in shares of Capital Group Core Balanced ETF by 45.3% in the first quarter. LPL Financial LLC now owns 5,504,865 shares of the company’s stock valued at $170,541,000 after purchasing an additional 1,717,432 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Capital Group Core Balanced ETF by 31.7% in the first quarter. Envestnet Asset Management Inc. now owns 3,147,197 shares of the company’s stock valued at $97,500,000 after purchasing an additional 758,018 shares during the last quarter. CWM LLC raised its holdings in shares of Capital Group Core Balanced ETF by 1,006.3% in the first quarter. CWM LLC now owns 715,313 shares of the company’s stock valued at $22,160,000 after purchasing an additional 650,654 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Capital Group Core Balanced ETF by 47.8% in the first quarter. Commonwealth Equity Services LLC now owns 1,821,751 shares of the company’s stock valued at $56,438,000 after purchasing an additional 588,909 shares during the last quarter. Finally, Advance Capital Management Inc. raised its holdings in shares of Capital Group Core Balanced ETF by 24.4% in the second quarter. Advance Capital Management Inc. now owns 2,707,404 shares of the company’s stock valued at $90,536,000 after purchasing an additional 530,828 shares during the last quarter.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL stock opened at $34.94 on Friday. The firm has a 50-day moving average of $34.26 and a 200-day moving average of $32.72. The company has a market cap of $3.51 billion, a P/E ratio of 25.37 and a beta of 0.76. Capital Group Core Balanced ETF has a one year low of $28.22 and a one year high of $35.08.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were issued a $0.1857 dividend. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16. This represents a $0.74 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 30th.

About Capital Group Core Balanced ETF

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.