Capital Group Core Balanced ETF $CGBL Position Increased by LongView Wealth Management

by · The Markets Daily

LongView Wealth Management boosted its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL – Free Report) by 10.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 305,085 shares of the company’s stock after purchasing an additional 28,615 shares during the period. Capital Group Core Balanced ETF comprises 2.7% of LongView Wealth Management’s portfolio, making the stock its 8th biggest holding. LongView Wealth Management owned about 0.14% of Capital Group Core Balanced ETF worth $11,212,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Advance Capital Management Inc. grew its position in 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 period. Cetera Investment Advisers raised its position in Capital Group Core Balanced ETF by 21.8% in the first quarter. Cetera Investment Advisers now owns 4,048,725 shares of the company’s stock worth $139,317,000 after acquiring an additional 723,471 shares during the period. Royal Bank of Canada boosted its stake in shares of Capital Group Core Balanced ETF by 16.2% during the 1st quarter. Royal Bank of Canada now owns 2,335,514 shares of the company’s stock worth $80,364,000 after acquiring an additional 326,314 shares during the last quarter. Kestra Advisory Services LLC grew its position in shares of Capital Group Core Balanced ETF by 20.8% during the 1st quarter. Kestra Advisory Services LLC now owns 1,573,552 shares of the company’s stock valued at $54,146,000 after acquiring an additional 271,207 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of Capital Group Core Balanced ETF by 55.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,342,291 shares of the company’s stock valued at $46,188,000 after acquiring an additional 478,121 shares during the period.

Capital Group Core Balanced ETF Price Performance

Shares of NYSEARCA:CGBL traded up $0.03 during midday trading on Monday, hitting $36.88. The company had a trading volume of 492,292 shares, compared to its average volume of 1,496,890. Capital Group Core Balanced ETF has a 12-month low of $33.67 and a 12-month high of $38.68. The company has a fifty day moving average of $37.66 and a two-hundred day moving average of $37.30. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 25.37 and a beta of 0.70.

Capital Group Core Balanced ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.2056 per share. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634. This represents a $0.82 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, September 30th.

Capital Group Core Balanced ETF Profile

(Free Report)

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.

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