Capital Group Core Balanced ETF $CGBL Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 9.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 202,746 shares of the company’s stock after buying an additional 18,332 shares during the quarter. HighTower Advisors LLC owned approximately 0.19% of Capital Group Core Balanced ETF worth $7,039,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Creekside Partners grew its position in shares of Capital Group Core Balanced ETF by 230.6% during the 3rd quarter. Creekside Partners now owns 41,185 shares of the company’s stock valued at $1,430,000 after acquiring an additional 28,729 shares during the period. Capital Management Associates Inc boosted its position in Capital Group Core Balanced ETF by 18.9% during the third quarter. Capital Management Associates Inc now owns 221,459 shares of the company’s stock worth $7,689,000 after purchasing an additional 35,270 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in Capital Group Core Balanced ETF by 32.8% in the third quarter. DAVENPORT & Co LLC now owns 62,680 shares of the company’s stock valued at $2,176,000 after purchasing an additional 15,494 shares during the period. Stephens Inc. AR purchased a new stake in shares of Capital Group Core Balanced ETF in the second quarter valued at approximately $391,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Capital Group Core Balanced ETF during the 2nd quarter worth approximately $12,843,000.

Capital Group Core Balanced ETF Price Performance

Shares of NYSEARCA:CGBL opened at $36.55 on Monday. The business’s 50 day moving average price is $35.98 and its 200-day moving average price is $35.12. Capital Group Core Balanced ETF has a 1 year low of $28.22 and a 1 year high of $36.63. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

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

Capital Group Core Balanced ETF Company 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.