Assetmark Inc. Buys Shares of 22,668 Capital Group Core Balanced ETF $CGBL

Assetmark Inc. purchased a new stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,668 shares of the company’s stock, valued at approximately $758,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Opal Wealth Advisors LLC increased its position in 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 in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Capital Group Core Balanced ETF during the first quarter valued at $75,000. Allworth Financial LP boosted its stake in shares of Capital Group Core Balanced ETF by 30.5% in the first 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 last quarter. Financial Perspectives Inc boosted its position in Capital Group Core Balanced ETF by 225.9% in the 2nd quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock worth $195,000 after purchasing an additional 4,035 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC purchased a new stake in Capital Group Core Balanced ETF during the second quarter worth $210,000.

Capital Group Core Balanced ETF Stock Down 0.3%

NYSEARCA:CGBL opened at $34.48 on Friday. The stock has a market capitalization of $3.74 billion, a PE ratio of 25.37 and a beta of 0.69. The stock’s 50-day moving average price is $34.75 and its 200-day moving average price is $33.47. Capital Group Core Balanced ETF has a 52 week low of $28.22 and a 52 week high of $35.42.

Capital Group Core Balanced ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were issued a $0.1857 dividend. This represents a $0.74 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 30th. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16.

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.