DAVENPORT & Co LLC Has $3.15 Million Holdings in Capital Group Core Balanced ETF $CGBL

DAVENPORT & Co LLC increased its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 42.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,010 shares of the company’s stock after purchasing an additional 26,330 shares during the quarter. DAVENPORT & Co LLC owned approximately 0.07% of Capital Group Core Balanced ETF worth $3,145,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advance Capital Management Inc. raised its position in Capital Group Core Balanced ETF by 242.6% during the 3rd quarter. Advance Capital Management Inc. now owns 9,275,964 shares of the company’s stock worth $322,061,000 after purchasing an additional 6,568,560 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Capital Group Core Balanced ETF by 31.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock valued at $189,156,000 after buying an additional 1,307,832 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Capital Group Core Balanced ETF by 75.6% in the second quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock valued at $61,488,000 after buying an additional 791,376 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Capital Group Core Balanced ETF in the second quarter valued at about $12,843,000. Finally, Jones Financial Companies Lllp raised its position in shares of Capital Group Core Balanced ETF by 56.8% during the third quarter. Jones Financial Companies Lllp now owns 1,009,987 shares of the company’s stock worth $35,198,000 after acquiring an additional 365,941 shares during the last quarter.

Capital Group Core Balanced ETF Price Performance

Capital Group Core Balanced ETF stock opened at $33.82 on Friday. The stock’s 50 day moving average is $35.84 and its 200 day moving average is $35.36. Capital Group Core Balanced ETF has a one year low of $28.22 and a one year high of $36.71. The firm has a market cap of $4.57 billion, a P/E ratio of 25.37 and a beta of 0.69.

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.