Flagship Harbor Advisors LLC Buys 63,664 Shares of Capital Group Core Balanced ETF $CGBL

Flagship Harbor Advisors LLC grew its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 28.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 284,093 shares of the company’s stock after buying an additional 63,664 shares during the period. Flagship Harbor Advisors LLC owned 0.22% of Capital Group Core Balanced ETF worth $10,037,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital Management Associates Inc increased its position in shares of Capital Group Core Balanced ETF by 22.2% during the fourth quarter. Capital Management Associates Inc now owns 270,608 shares of the company’s stock valued at $9,561,000 after buying an additional 49,149 shares during the period. Walkner Condon Financial Advisors LLC increased its position in shares of Capital Group Core Balanced ETF by 4.4% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 11,937 shares of the company’s stock worth $422,000 after purchasing an additional 500 shares during the last quarter. Base Wealth Management LLC increased its position in shares of Capital Group Core Balanced ETF by 5.1% in the fourth quarter. Base Wealth Management LLC now owns 340,480 shares of the company’s stock worth $12,029,000 after purchasing an additional 16,438 shares during the last quarter. Sowell Financial Services LLC purchased a new position in Capital Group Core Balanced ETF in the 4th quarter worth approximately $223,000. Finally, Stewardship Concepts Financial Services LLC purchased a new position in Capital Group Core Balanced ETF in the 4th quarter worth approximately $1,694,000.

Capital Group Core Balanced ETF Price Performance

CGBL stock opened at $34.75 on Tuesday. Capital Group Core Balanced ETF has a one year low of $28.22 and a one year high of $36.71. The stock has a market cap of $5.38 billion, a PE ratio of 25.37 and a beta of 0.69. The firm has a 50 day simple moving average of $35.63 and a two-hundred day simple moving average of $35.35.

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.