Bleakley Financial Group LLC Purchases 35,271 Shares of Capital Group Core Balanced ETF $CGBL

Bleakley Financial Group LLC increased its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 37.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,953 shares of the company’s stock after purchasing an additional 35,271 shares during the period. Bleakley Financial Group LLC owned approximately 0.12% of Capital Group Core Balanced ETF worth $4,512,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP lifted its stake in shares of Capital Group Core Balanced ETF by 9.1% in the second quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock valued at $156,000 after buying an additional 390 shares in the last quarter. M.E. Allison & CO. Inc. acquired a new stake in shares of Capital Group Core Balanced ETF in the 3rd quarter worth about $207,000. Savvy Advisors Inc. bought a new position in Capital Group Core Balanced ETF in the 2nd quarter valued at about $203,000. Orion Porfolio Solutions LLC acquired a new position in Capital Group Core Balanced ETF during the 2nd quarter valued at about $214,000. Finally, TD Waterhouse Canada Inc. increased its holdings in Capital Group Core Balanced ETF by 15.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 6,490 shares of the company’s stock worth $226,000 after purchasing an additional 845 shares in the last quarter.

Capital Group Core Balanced ETF Stock Up 0.7%

Shares of Capital Group Core Balanced ETF stock opened at $36.55 on Monday. Capital Group Core Balanced ETF has a 52 week low of $28.22 and a 52 week high of $36.63. The business has a 50 day moving average price of $35.98 and a 200-day moving average price of $35.12. The company has a market cap of $4.94 billion, a PE ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a dividend of $0.2251 per share. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 26th. This represents a $0.90 annualized dividend and a yield of 2.5%.

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.