Merit Financial Group LLC Acquires 35,221 Shares of Capital Group Core Balanced ETF $CGBL

Merit Financial Group LLC grew its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 22.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 191,569 shares of the company’s stock after acquiring an additional 35,221 shares during the period. Merit Financial Group LLC owned 0.18% of Capital Group Core Balanced ETF worth $6,651,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Armstrong Fleming & Moore Inc increased its position in Capital Group Core Balanced ETF by 18.4% during the third quarter. Armstrong Fleming & Moore Inc now owns 18,840 shares of the company’s stock worth $654,000 after buying an additional 2,922 shares during the last quarter. Warner Financial Inc. lifted its holdings in Capital Group Core Balanced ETF by 48.8% in the 3rd quarter. Warner Financial Inc. now owns 10,848 shares of the company’s stock worth $377,000 after purchasing an additional 3,559 shares during the last quarter. Continuum Advisory LLC grew its holdings in Capital Group Core Balanced ETF by 85.8% during the third quarter. Continuum Advisory LLC now owns 45,011 shares of the company’s stock valued at $1,563,000 after purchasing an additional 20,786 shares during the last quarter. Worth Asset Management LLC raised its position in shares of Capital Group Core Balanced ETF by 7.1% in the third quarter. Worth Asset Management LLC now owns 172,919 shares of the company’s stock valued at $6,004,000 after purchasing an additional 11,490 shares during the period. Finally, Mayflower Financial Advisors LLC acquired a new stake in shares of Capital Group Core Balanced ETF in the third quarter worth $463,000.

Capital Group Core Balanced ETF Trading Up 0.3%

NYSEARCA CGBL opened at $36.24 on Tuesday. The company has a market cap of $4.90 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 1 year low of $28.22 and a 1 year high of $36.63. The company has a fifty day simple moving average of $35.91 and a 200 day simple moving average of $35.04.

Capital Group Core Balanced ETF Increases Dividend

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

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