Capital Group Core Balanced ETF $CGBL Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 21.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,253 shares of the company’s stock after acquiring an additional 18,752 shares during the period. Envestnet Portfolio Solutions Inc. owned about 0.10% of Capital Group Core Balanced ETF worth $3,620,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP lifted its position in Capital Group Core Balanced ETF by 9.1% during the second quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock valued at $156,000 after purchasing an additional 390 shares during the period. Financial Perspectives Inc raised its stake in shares of Capital Group Core Balanced ETF by 225.9% during 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 last quarter. Savvy Advisors Inc. purchased a new stake in shares of Capital Group Core Balanced ETF in the second quarter worth about $203,000. M.E. Allison & CO. Inc. acquired a new stake in Capital Group Core Balanced ETF during the third quarter worth about $207,000. Finally, Onyx Bridge Wealth Group LLC acquired a new stake in Capital Group Core Balanced ETF during the second quarter worth about $210,000.

Capital Group Core Balanced ETF Trading Down 0.1%

Shares of NYSEARCA:CGBL opened at $36.26 on Monday. Capital Group Core Balanced ETF has a 12-month low of $28.22 and a 12-month high of $36.42. The company has a market capitalization of $4.75 billion, a PE ratio of 25.37 and a beta of 0.69. The business has a 50 day moving average of $35.47 and a two-hundred day moving average of $34.76.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a $0.2251 dividend. The ex-dividend date was Friday, December 26th. This represents a $0.90 annualized dividend and a dividend yield of 2.5%. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

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. CGBL was launched on Sep 26, 2023 and is issued by Capital Group.