97,078 Shares in Capital Group Core Balanced ETF $CGBL Purchased by Fifth Third Bancorp

Fifth Third Bancorp purchased a new stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 97,078 shares of the company’s stock, valued at approximately $3,340,000. Fifth Third Bancorp owned approximately 0.06% of Capital Group Core Balanced ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. LPL Financial LLC raised its stake in shares of Capital Group Core Balanced ETF by 27.7% in the fourth quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock worth $444,300,000 after purchasing an additional 2,726,819 shares during the last quarter. Advance Capital Management Inc. boosted its position in shares of Capital Group Core Balanced ETF by 27.6% during the first quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock valued at $412,022,000 after buying an additional 2,588,189 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Capital Group Core Balanced ETF by 191.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock worth $163,300,000 after buying an additional 3,033,933 shares in the last quarter. Morgan Stanley grew its holdings in Capital Group Core Balanced ETF by 17.0% during the fourth quarter. Morgan Stanley now owns 4,062,395 shares of the company’s stock worth $143,524,000 after buying an additional 590,373 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in Capital Group Core Balanced ETF by 40.1% in the 4th quarter. Cetera Investment Advisers now owns 3,325,254 shares of the company’s stock valued at $117,481,000 after buying an additional 952,356 shares during the last quarter.

Capital Group Core Balanced ETF Stock Performance

NYSEARCA CGBL opened at $37.20 on Monday. The firm has a market capitalization of $6.99 billion, a P/E ratio of 25.37 and a beta of 0.68. The business has a fifty day simple moving average of $37.52 and a 200 day simple moving average of $36.48. Capital Group Core Balanced ETF has a 12 month low of $33.25 and a 12 month high of $38.20.

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.