44 Wealth Management LLC Makes New Investment in Capital Group Core Balanced ETF $CGBL

44 Wealth Management LLC acquired a new position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,773 shares of the company’s stock, valued at approximately $508,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CoreCap Advisors LLC grew its position in Capital Group Core Balanced ETF by 14,657.1% in the fourth quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock worth $36,000 after buying an additional 1,026 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in Capital Group Core Balanced ETF in the 1st quarter worth about $43,000. US Bancorp DE boosted 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 period. Creative Financial Designs Inc. ADV boosted its stake in shares of Capital Group Core Balanced ETF by 77.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock valued at $81,000 after buying an additional 1,006 shares during the period. Finally, Godfrey Financial Associates Inc. purchased a new position in Capital Group Core Balanced ETF in the fourth quarter valued at about $84,000.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL opened at $37.16 on Monday. The firm has a market cap of $7.06 billion, a PE ratio of 25.37 and a beta of 0.68. The firm’s 50 day moving average price is $37.51 and its 200 day moving average price is $36.54. Capital Group Core Balanced ETF has a twelve month low of $33.25 and a twelve month high of $38.20.

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.