Capital Group Core Balanced ETF $CGBL Shares Purchased by Assetmark Inc.

Assetmark Inc. grew its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 37.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 310,622 shares of the company’s stock after buying an additional 85,448 shares during the period. Assetmark Inc. owned 0.19% of Capital Group Core Balanced ETF worth $10,689,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Westside Investment Management Inc. grew its stake in shares of Capital Group Core Balanced ETF by 22.7% during the fourth quarter. Westside Investment Management Inc. now owns 146,270 shares of the company’s stock valued at $5,168,000 after acquiring an additional 27,075 shares in the last quarter. Valmark Advisers Inc. increased its position in shares of Capital Group Core Balanced ETF by 28.7% during the fourth quarter. Valmark Advisers Inc. now owns 118,550 shares of the company’s stock worth $4,188,000 after acquiring an additional 26,424 shares during the last quarter. CWM LLC increased its position in shares of Capital Group Core Balanced ETF by 5.7% during the fourth quarter. CWM LLC now owns 2,168,040 shares of the company’s stock worth $76,597,000 after acquiring an additional 117,287 shares during the last quarter. World Investment Advisors lifted its stake in shares of Capital Group Core Balanced ETF by 57.9% in the fourth quarter. World Investment Advisors now owns 273,910 shares of the company’s stock worth $9,677,000 after acquiring an additional 100,405 shares in the last quarter. Finally, Clarity Wealth Advisors LLC lifted its stake in shares of Capital Group Core Balanced ETF by 39.0% in the fourth quarter. Clarity Wealth Advisors LLC now owns 206,693 shares of the company’s stock worth $7,302,000 after acquiring an additional 58,004 shares in the last quarter.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL opened at $37.13 on Tuesday. The company has a market capitalization of $7.00 billion, a P/E ratio of 25.37 and a beta of 0.68. Capital Group Core Balanced ETF has a one year low of $33.25 and a one year high of $38.20. The stock has a 50-day moving average price of $37.51 and a 200 day moving average price of $36.49.

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.