Capital Group Core Balanced ETF (CGBL) to Issue Quarterly Dividend of $0.23 on December 29th

Capital Group Core Balanced ETF (NYSEARCA:CGBL) announced a quarterly dividend on Wednesday, December 24th. Shareholders of record on Friday, December 26th will be given a dividend of 0.2251 per share on Monday, December 29th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, December 26th. This is a 21.2% increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL opened at $35.82 on Friday. Capital Group Core Balanced ETF has a one year low of $28.22 and a one year high of $35.83. The company has a 50-day moving average of $35.00 and a two-hundred day moving average of $34.32. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

Institutional Trading of Capital Group Core Balanced ETF

A number of hedge funds have recently modified their holdings of the business. Opal Wealth Advisors LLC grew its holdings in shares of Capital Group Core Balanced ETF by 106.9% during the second quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock valued at $46,000 after buying an additional 709 shares in the last quarter. US Bancorp DE grew its stake in Capital Group Core Balanced ETF by 204.6% during the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after acquiring an additional 1,105 shares in the last quarter. Allworth Financial LP grew its stake in Capital Group Core Balanced ETF by 9.1% during the 2nd quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock valued at $156,000 after acquiring an additional 390 shares in the last quarter. Financial Perspectives Inc boosted its stake in shares of Capital Group Core Balanced ETF by 225.9% during the 2nd quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock valued at $195,000 after buying an additional 4,035 shares during the period. Finally, Savvy Advisors Inc. purchased a new position in shares of Capital Group Core Balanced ETF during the 2nd quarter valued at $203,000.

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. CGBL was launched on Sep 26, 2023 and is issued by Capital Group.