D.A. Davidson & CO. Purchases 17,593 Shares of Capital Group Core Balanced ETF $CGBL

D.A. Davidson & CO. increased its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 295,303 shares of the company’s stock after purchasing an additional 17,593 shares during the period. D.A. Davidson & CO. owned about 0.22% of Capital Group Core Balanced ETF worth $10,433,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Advance Capital Management Inc. boosted its stake in Capital Group Core Balanced ETF by 1.2% in the 4th quarter. Advance Capital Management Inc. now owns 9,385,711 shares of the company’s stock valued at $331,597,000 after buying an additional 109,747 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in 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 in the last quarter. Raymond James Financial Inc. boosted its stake in Capital Group Core Balanced ETF by 20.2% in the 3rd quarter. Raymond James Financial Inc. now owns 2,209,899 shares of the company’s stock valued at $76,728,000 after buying an additional 371,133 shares in the last quarter. CWM LLC boosted its stake in Capital Group Core Balanced ETF by 5.7% in the 4th quarter. CWM LLC now owns 2,168,040 shares of the company’s stock valued at $76,597,000 after buying an additional 117,287 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Capital Group Core Balanced ETF by 13.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,061,754 shares of the company’s stock valued at $71,584,000 after buying an additional 242,948 shares in the last quarter.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL stock opened at $36.72 on Tuesday. The stock’s fifty day simple moving average is $35.65 and its 200 day simple moving average is $35.50. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 25.37 and a beta of 0.71. Capital Group Core Balanced ETF has a one year low of $30.51 and a one year high of $36.96.

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.