Quantum Financial Planning Services Inc. Boosts Stock Position in Capital Group Core Balanced ETF $CGBL

Quantum Financial Planning Services Inc. increased its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 16.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 277,016 shares of the company’s stock after purchasing an additional 39,301 shares during the period. Capital Group Core Balanced ETF makes up about 3.9% of Quantum Financial Planning Services Inc.’s portfolio, making the stock its 6th biggest position. Quantum Financial Planning Services Inc.’s holdings in Capital Group Core Balanced ETF were worth $9,618,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC increased its position in Capital Group Core Balanced ETF by 106.9% during the 2nd quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock valued at $46,000 after purchasing an additional 709 shares during the period. Allworth Financial LP lifted its position in shares of Capital Group Core Balanced ETF by 9.1% in the 2nd quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock worth $156,000 after purchasing an additional 390 shares during the period. Financial Perspectives Inc boosted its stake in shares of Capital Group Core Balanced ETF by 225.9% during the second quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock valued at $195,000 after purchasing an additional 4,035 shares in the last quarter. Savvy Advisors Inc. bought a new position in shares of Capital Group Core Balanced ETF during the second quarter valued at approximately $203,000. Finally, M.E. Allison & CO. Inc. purchased a new position in Capital Group Core Balanced ETF during the third quarter valued at approximately $207,000.

Capital Group Core Balanced ETF Stock Up 0.6%

Shares of NYSEARCA:CGBL opened at $35.60 on Tuesday. The firm has a 50 day moving average of $34.95 and a 200 day moving average of $34.28. The company has a market capitalization of $3.86 billion, a price-to-earnings 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 business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 30th were given 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 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. CGBL was launched on Sep 26, 2023 and is issued by Capital Group.