Aprio Wealth Management LLC Invests $63.96 Million in Capital Group Core Balanced ETF $CGBL

Aprio Wealth Management LLC bought a new stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,810,371 shares of the company’s stock, valued at approximately $63,960,000. Capital Group Core Balanced ETF makes up approximately 3.8% of Aprio Wealth Management LLC’s holdings, making the stock its 3rd biggest position. Aprio Wealth Management LLC owned approximately 1.38% of Capital Group Core Balanced ETF at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position 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 acquiring an additional 1,307,832 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Capital Group Core Balanced ETF by 75.6% in the 2nd quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock worth $61,488,000 after purchasing an additional 791,376 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Capital Group Core Balanced ETF by 56.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,009,987 shares of the company’s stock worth $35,198,000 after purchasing an additional 365,941 shares during the period. Concurrent Investment Advisors LLC raised its position in shares of Capital Group Core Balanced ETF by 72.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 843,949 shares of the company’s stock valued at $29,817,000 after buying an additional 354,864 shares during the last quarter. Finally, KWB Wealth lifted its holdings in shares of Capital Group Core Balanced ETF by 84.1% in the fourth quarter. KWB Wealth now owns 673,458 shares of the company’s stock worth $23,793,000 after buying an additional 307,615 shares in the last quarter.

Capital Group Core Balanced ETF Stock Performance

CGBL stock opened at $36.76 on Monday. The company’s fifty day moving average price is $35.64 and its 200-day moving average price is $35.49. Capital Group Core Balanced ETF has a one year low of $30.51 and a one year high of $36.96. The company has a market capitalization of $6.01 billion, a PE ratio of 25.37 and a beta of 0.71.

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.