KWB Wealth Boosts Position in Capital Group Core Balanced ETF $CGBL

KWB Wealth boosted its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 57.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 365,843 shares of the company’s stock after purchasing an additional 133,472 shares during the period. Capital Group Core Balanced ETF comprises 1.3% of KWB Wealth’s portfolio, making the stock its 15th biggest holding. KWB Wealth owned about 0.36% of Capital Group Core Balanced ETF worth $12,234,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. CWM LLC boosted its holdings in shares of Capital Group Core Balanced ETF by 208.6% in the second quarter. CWM LLC now owns 2,207,565 shares of the company’s stock worth $73,821,000 after buying an additional 1,492,252 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Capital Group Core Balanced ETF by 31.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,140,219 shares of the company’s stock valued at $138,449,000 after acquiring an additional 993,022 shares during the period. Raymond James Financial Inc. increased its stake in shares of Capital Group Core Balanced ETF by 75.6% in the 2nd quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock worth $61,488,000 after purchasing an additional 791,376 shares in the last quarter. Advance Capital Management Inc. raised its holdings in Capital Group Core Balanced ETF by 24.4% in the 2nd quarter. Advance Capital Management Inc. now owns 2,707,404 shares of the company’s stock worth $90,536,000 after purchasing an additional 530,828 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new position in Capital Group Core Balanced ETF in the 2nd quarter worth $12,843,000.

Capital Group Core Balanced ETF Stock Performance

NYSEARCA:CGBL opened at $34.98 on Thursday. The stock has a 50-day simple moving average of $34.90 and a two-hundred day simple moving average of $34.21. The firm has a market capitalization of $3.80 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 52-week low of $28.22 and a 52-week high of $35.76.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.1857 per share. This represents a $0.74 dividend on an annualized basis and a 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.

About Capital Group Core Balanced ETF

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.