Avantax Advisory Services Inc. Increases Stake in Capital Group Core Balanced ETF $CGBL

Avantax Advisory Services Inc. raised its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 38.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 58,702 shares of the company’s stock after acquiring an additional 16,172 shares during the period. Avantax Advisory Services Inc. owned approximately 0.07% of Capital Group Core Balanced ETF worth $1,963,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC raised its holdings in Capital Group Core Balanced ETF by 106.9% during the second quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock worth $46,000 after purchasing 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 1st quarter worth approximately $75,000. Allworth Financial LP raised its stake in shares of Capital Group Core Balanced ETF by 9.1% during the 2nd quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock worth $156,000 after buying an additional 390 shares in the last quarter. Financial Perspectives Inc lifted its holdings in shares of 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 valued at $195,000 after buying an additional 4,035 shares during the period. Finally, Savvy Advisors Inc. acquired a new stake in shares of Capital Group Core Balanced ETF in the 2nd quarter valued at approximately $203,000.

Capital Group Core Balanced ETF Price Performance

Capital Group Core Balanced ETF stock opened at $34.23 on Friday. The stock’s 50 day moving average price is $34.78 and its 200 day moving average price is $33.76. Capital Group Core Balanced ETF has a 1-year low of $28.22 and a 1-year high of $35.42. The company has a market cap of $3.71 billion, a PE ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

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

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.