Capital Group Core Balanced ETF $CGBL Shares Acquired by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. increased its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 75.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 492,538 shares of the company’s stock after purchasing an additional 211,733 shares during the period. Capital Group Core Balanced ETF makes up 0.7% of Confluence Wealth Services Inc.’s holdings, making the stock its 27th biggest position. Confluence Wealth Services Inc. owned approximately 0.38% of Capital Group Core Balanced ETF worth $17,401,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CoreCap Advisors LLC raised its holdings in shares of Capital Group Core Balanced ETF by 14,657.1% during the fourth quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock worth $36,000 after purchasing an additional 1,026 shares during the last quarter. US Bancorp DE raised its holdings in shares of Capital Group Core Balanced ETF by 204.6% during the third quarter. US Bancorp DE now owns 1,645 shares of the company’s stock worth $57,000 after purchasing an additional 1,105 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Capital Group Core Balanced ETF during the fourth quarter worth $86,000. Allworth Financial LP raised its holdings in shares of Capital Group Core Balanced ETF by 6.7% during the third quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock worth $173,000 after purchasing an additional 311 shares during the last quarter. Finally, Alliance Wealth Advisors LLC purchased a new position in shares of Capital Group Core Balanced ETF during the fourth quarter worth $204,000.

Capital Group Core Balanced ETF Price Performance

Shares of Capital Group Core Balanced ETF stock opened at $36.72 on Thursday. The firm has a fifty day moving average price of $35.62 and a 200 day moving average price of $35.46. Capital Group Core Balanced ETF has a 1 year low of $30.22 and a 1 year high of $36.96. The stock has a market cap of $6.01 billion, a PE ratio of 25.37 and a beta of 0.71.

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.