Patriot Financial Group Insurance Agency LLC Has $1.86 Million Stake in Capital Group Core Balanced ETF $CGBL

Patriot Financial Group Insurance Agency LLC raised its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 27.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,705 shares of the company’s stock after purchasing an additional 12,098 shares during the quarter. Patriot Financial Group Insurance Agency LLC owned 0.07% of Capital Group Core Balanced ETF worth $1,863,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CGBL. Merit Financial Group LLC acquired a new stake in shares of Capital Group Core Balanced ETF in the 1st quarter valued at about $2,208,000. HBW Advisory Services LLC raised its stake in shares of Capital Group Core Balanced ETF by 21.3% in the 1st quarter. HBW Advisory Services LLC now owns 7,997 shares of the company’s stock valued at $248,000 after purchasing an additional 1,405 shares during the period. RFG Advisory LLC raised its stake in shares of Capital Group Core Balanced ETF by 1.3% in the 1st quarter. RFG Advisory LLC now owns 46,692 shares of the company’s stock valued at $1,447,000 after purchasing an additional 594 shares during the period. KWB Wealth raised its stake in shares of Capital Group Core Balanced ETF by 571.1% in the 1st quarter. KWB Wealth now owns 138,307 shares of the company’s stock valued at $4,325,000 after purchasing an additional 117,697 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Capital Group Core Balanced ETF by 39.2% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,709 shares of the company’s stock valued at $146,000 after acquiring an additional 1,327 shares in the last quarter.

Capital Group Core Balanced ETF Price Performance

Shares of NYSEARCA CGBL opened at $34.90 on Friday. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 25.37 and a beta of 0.76. The business has a 50-day moving average of $34.24 and a 200-day moving average of $32.69. Capital Group Core Balanced ETF has a fifty-two week low of $28.22 and a fifty-two week high of $35.08.

Capital Group Core Balanced ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were issued a $0.1857 dividend. This represents a $0.74 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 30th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.16.

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.