30,558 Capital Group Core Balanced ETF $CGBL Shares Purchased by Accel Wealth Management

Accel Wealth Management raised its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL – Free Report) by 50.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,011 shares of the company’s stock after acquiring an additional 30,558 shares during the quarter. Accel Wealth Management’s holdings in Capital Group Core Balanced ETF were worth $3,345,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CGBL. Advance Capital Management Inc. grew its holdings 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 worth $412,022,000 after purchasing an additional 2,588,189 shares during the last quarter. J. Derek Lewis & Associates Inc. acquired a new position in shares of Capital Group Core Balanced ETF during the fourth quarter valued at about $40,500,000. Cetera Investment Advisers grew its stake 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 valued at $139,317,000 after acquiring an additional 723,471 shares during the period. Compton Financial Group LLC raised its holdings in Capital Group Core Balanced ETF by 2,302.1% during the first quarter. Compton Financial Group LLC now owns 543,246 shares of the company’s stock worth $18,693,000 after buying an additional 520,631 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in 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 purchasing an additional 478,121 shares during the last quarter.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL stock traded down $0.04 on Tuesday, hitting $37.09. The stock had a trading volume of 1,071,114 shares, compared to its average volume of 1,503,728. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 25.37 and a beta of 0.70. Capital Group Core Balanced ETF has a 12-month low of $33.67 and a 12-month high of $38.68. The business has a 50 day moving average of $37.76 and a 200 day moving average of $37.22.

Capital Group Core Balanced ETF Increases Dividend

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

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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