Baird Financial Group Inc. Makes New Investment in Capital Group Core Balanced ETF $CGBL

Baird Financial Group Inc. purchased a new position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 196,950 shares of the company’s stock, valued at approximately $6,102,000.

Several other hedge funds have also bought and sold shares of CGBL. LPL Financial LLC lifted its stake in Capital Group Core Balanced ETF by 45.3% in the 1st quarter. LPL Financial LLC now owns 5,504,865 shares of the company’s stock worth $170,541,000 after purchasing an additional 1,717,432 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Capital Group Core Balanced ETF by 31.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,147,197 shares of the company’s stock worth $97,500,000 after buying an additional 758,018 shares during the last quarter. CWM LLC increased its holdings in shares of Capital Group Core Balanced ETF by 1,006.3% in the 1st quarter. CWM LLC now owns 715,313 shares of the company’s stock worth $22,160,000 after buying an additional 650,654 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Capital Group Core Balanced ETF by 47.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,821,751 shares of the company’s stock worth $56,438,000 after buying an additional 588,909 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Capital Group Core Balanced ETF by 51.4% in the 1st quarter. Cetera Investment Advisers now owns 1,554,803 shares of the company’s stock worth $48,168,000 after buying an additional 527,719 shares during the last quarter.

Capital Group Core Balanced ETF Price Performance

Capital Group Core Balanced ETF stock opened at $33.99 on Thursday. The company’s 50-day moving average price is $33.76 and its 200-day moving average price is $32.25. Capital Group Core Balanced ETF has a twelve month low of $28.22 and a twelve month high of $34.24. The company has a market cap of $2.77 billion, a PE ratio of 25.37 and a beta of 0.76.

Capital Group Core Balanced ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 30th were issued a dividend of $0.1645 per share. This represents a $0.66 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, June 30th.

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.