Cullen Frost Bankers Inc. Has $6.64 Million Stock Holdings in Capital Group Core Balanced ETF $CGBL

Cullen Frost Bankers Inc. raised its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 23.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 191,255 shares of the company’s stock after acquiring an additional 35,975 shares during the period. Cullen Frost Bankers Inc. owned about 0.18% of Capital Group Core Balanced ETF worth $6,640,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CGBL. Allworth Financial LP raised its holdings in shares of Capital Group Core Balanced ETF by 9.1% in 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 last quarter. Financial Perspectives Inc increased its stake 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 valued at $195,000 after buying an additional 4,035 shares during the last quarter. Savvy Advisors Inc. bought a new stake in Capital Group Core Balanced ETF during the 2nd quarter worth about $203,000. M.E. Allison & CO. Inc. acquired a new position in shares of Capital Group Core Balanced ETF during the 3rd quarter worth about $207,000. Finally, Onyx Bridge Wealth Group LLC bought a new position in shares of Capital Group Core Balanced ETF in the 2nd quarter valued at about $210,000.

Capital Group Core Balanced ETF Stock Performance

CGBL opened at $36.26 on Monday. The business’s 50-day simple moving average is $35.47 and its 200 day simple moving average is $34.76. Capital Group Core Balanced ETF has a 52-week low of $28.22 and a 52-week high of $36.42. The firm has a market capitalization of $4.75 billion, a PE ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a $0.2251 dividend. This represents a $0.90 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, December 26th. This is a boost 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.