Base Wealth Management LLC Has $12.03 Million Holdings in Capital Group Core Balanced ETF $CGBL

Base Wealth Management LLC lifted its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 340,480 shares of the company’s stock after acquiring an additional 16,438 shares during the period. Capital Group Core Balanced ETF comprises approximately 6.5% of Base Wealth Management LLC’s holdings, making the stock its 4th largest holding. Base Wealth Management LLC owned about 0.26% of Capital Group Core Balanced ETF worth $12,029,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. CoreCap Advisors LLC raised its holdings in shares of Capital Group Core Balanced ETF by 14,657.1% during the fourth quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock worth $36,000 after purchasing an additional 1,026 shares during the period. US Bancorp DE boosted its holdings in shares of Capital Group Core Balanced ETF by 204.6% in the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after buying an additional 1,105 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Capital Group Core Balanced ETF in the 4th quarter valued at about $86,000. Allworth Financial LP grew its position in shares of Capital Group Core Balanced ETF by 6.7% during the 3rd quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock valued at $173,000 after buying an additional 311 shares during the last quarter. Finally, Alliance Wealth Advisors LLC bought a new stake in shares of Capital Group Core Balanced ETF during the 4th quarter valued at about $204,000.

Capital Group Core Balanced ETF Price Performance

Shares of NYSEARCA CGBL opened at $34.60 on Monday. The firm’s 50-day moving average price is $35.66 and its two-hundred day moving average price is $35.35. Capital Group Core Balanced ETF has a 52-week low of $28.22 and a 52-week high of $36.71. The stock has a market capitalization of $5.35 billion, a P/E ratio of 25.37 and a beta of 0.69.

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.