Moloney Securities Asset Management LLC Increases Stake in Capital Group Core Balanced ETF $CGBL

Moloney Securities Asset Management LLC grew its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 9.0% in the second quarter, Holdings Channel reports. The institutional investor owned 28,516 shares of the company’s stock after buying an additional 2,359 shares during the period. Moloney Securities Asset Management LLC’s holdings in Capital Group Core Balanced ETF were worth $954,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. LPL Financial LLC raised its position in Capital Group Core Balanced ETF by 45.3% during the 1st quarter. LPL Financial LLC now owns 5,504,865 shares of the company’s stock worth $170,541,000 after buying an additional 1,717,432 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Capital Group Core Balanced ETF by 31.7% during 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. Advance Capital Management Inc. raised its position in Capital Group Core Balanced ETF by 24.4% during the 2nd quarter. Advance Capital Management Inc. now owns 2,707,404 shares of the company’s stock worth $90,536,000 after buying an additional 530,828 shares during the last quarter. CWM LLC grew its stake in shares of Capital Group Core Balanced ETF by 208.6% during the 2nd quarter. CWM LLC now owns 2,207,565 shares of the company’s stock worth $73,821,000 after purchasing an additional 1,492,252 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of Capital Group Core Balanced ETF by 47.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,821,751 shares of the company’s stock worth $56,438,000 after purchasing an additional 588,909 shares during the period.

Capital Group Core Balanced ETF Stock Up 0.5%

NYSEARCA:CGBL opened at $35.08 on Friday. Capital Group Core Balanced ETF has a fifty-two week low of $28.22 and a fifty-two week high of $35.13. The stock has a market cap of $3.71 billion, a PE ratio of 25.37 and a beta of 0.76. The firm’s fifty day simple moving average is $34.59 and its 200-day simple moving average is $33.14.

Capital Group Core Balanced ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 30th were paid a $0.1857 dividend. This represents a $0.74 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend 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 Company 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.