Apollon Wealth Management LLC Grows Stock Position in Capital Group Core Balanced ETF $CGBL

Apollon Wealth Management LLC increased its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 18.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 256,732 shares of the company’s stock after buying an additional 39,809 shares during the quarter. Apollon Wealth Management LLC owned about 0.20% of Capital Group Core Balanced ETF worth $9,070,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Advance Capital Management Inc. raised its holdings in shares of Capital Group Core Balanced ETF by 242.6% in 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 period. Envestnet Asset Management Inc. grew its stake in shares of Capital Group Core Balanced ETF by 31.6% in the third 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 in the last quarter. Raymond James Financial Inc. grew 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 in the last quarter. 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 grew its stake in shares of Capital Group Core Balanced ETF by 56.8% in the third quarter. Jones Financial Companies Lllp now owns 1,009,987 shares of the company’s stock valued at $35,198,000 after buying an additional 365,941 shares in the last quarter.

Capital Group Core Balanced ETF Stock Performance

CGBL stock opened at $35.80 on Friday. Capital Group Core Balanced ETF has a 1 year low of $29.28 and a 1 year high of $36.71. The firm has a market cap of $5.54 billion, a P/E ratio of 25.37 and a beta of 0.71. The stock has a 50-day simple moving average of $35.57 and a 200-day simple moving average of $35.36.

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.