Advance Capital Management Inc. Increases Stock Position in Capital Group Core Balanced ETF $CGBL

Advance Capital Management Inc. lifted its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,385,711 shares of the company’s stock after buying an additional 109,747 shares during the quarter. Capital Group Core Balanced ETF makes up 14.1% of Advance Capital Management Inc.’s holdings, making the stock its 3rd largest holding. Advance Capital Management Inc. owned 7.52% of Capital Group Core Balanced ETF worth $331,597,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its position in shares of Capital Group Core Balanced ETF by 70.1% in the first quarter. NewEdge Advisors LLC now owns 33,942 shares of the company’s stock valued at $1,052,000 after acquiring an additional 13,986 shares in the last quarter. Jane Street Group LLC raised its stake in Capital Group Core Balanced ETF by 25.4% during the 1st quarter. Jane Street Group LLC now owns 281,274 shares of the company’s stock valued at $8,714,000 after purchasing an additional 57,029 shares during the period. Creative Planning purchased a new position in Capital Group Core Balanced ETF in the 2nd quarter worth approximately $218,000. Avantax Advisory Services Inc. boosted its stake in Capital Group Core Balanced ETF by 38.0% in the 2nd quarter. Avantax Advisory Services Inc. now owns 58,702 shares of the company’s stock worth $1,963,000 after purchasing an additional 16,172 shares during the period. Finally, Wisconsin Wealth Advisors LLC bought a new position in Capital Group Core Balanced ETF in the 2nd quarter worth approximately $266,000.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL opened at $34.73 on Friday. The firm has a market cap of $4.69 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 1 year low of $28.22 and a 1 year high of $36.71. The company has a 50 day simple moving average of $36.07 and a two-hundred day simple moving average of $35.35.

Capital Group Core Balanced ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a dividend of $0.2251 per share. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, December 26th.

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.