Stephens Inc. AR Makes New $391,000 Investment in Capital Group Core Balanced ETF $CGBL

Stephens Inc. AR purchased a new position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 11,695 shares of the company’s stock, valued at approximately $391,000.

Several other institutional investors also recently added to or reduced their stakes in CGBL. Opal Wealth Advisors LLC increased its position in Capital Group Core Balanced ETF by 106.9% in the 2nd quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock worth $46,000 after buying an additional 709 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in Capital Group Core Balanced ETF in the 1st quarter worth approximately $75,000. Allworth Financial LP increased its position in 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 buying an additional 1,000 shares during the period. Sovran Advisors LLC bought a new position in Capital Group Core Balanced ETF in the 1st quarter worth approximately $201,000. Finally, Simplicity Wealth LLC bought a new position in Capital Group Core Balanced ETF in the 2nd quarter worth approximately $214,000.

Capital Group Core Balanced ETF Stock Up 0.5%

Shares of NYSEARCA CGBL opened at $35.08 on Monday. The business’s 50 day moving average is $34.59 and its two-hundred day moving average is $33.19. The company has a market cap of $3.71 billion, a P/E ratio of 25.37 and a beta of 0.76. Capital Group Core Balanced ETF has a 12 month low of $28.22 and a 12 month high of $35.13.

Capital Group Core Balanced ETF Increases Dividend

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

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.