Geneos Wealth Management Inc. Acquires 79,018 Shares of Capital Group Core Balanced ETF $CGBL

Geneos Wealth Management Inc. raised its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 41.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 270,072 shares of the company’s stock after buying an additional 79,018 shares during the period. Geneos Wealth Management Inc.’s holdings in Capital Group Core Balanced ETF were worth $9,542,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CGBL. Envestnet Asset Management Inc. raised its holdings in shares of Capital Group Core Balanced ETF by 31.6% in the third quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock valued at $189,156,000 after purchasing an additional 1,307,832 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Capital Group Core Balanced ETF by 75.6% in the second quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock valued at $61,488,000 after purchasing an additional 791,376 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Capital Group Core Balanced ETF by 56.8% in the third quarter. Jones Financial Companies Lllp now owns 1,009,987 shares of the company’s stock valued at $35,198,000 after purchasing an additional 365,941 shares during the last quarter. KWB Wealth raised its holdings in shares of Capital Group Core Balanced ETF by 84.1% in the fourth quarter. KWB Wealth now owns 673,458 shares of the company’s stock valued at $23,793,000 after purchasing an additional 307,615 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Capital Group Core Balanced ETF by 13.4% in the third quarter. Commonwealth Equity Services LLC now owns 2,061,754 shares of the company’s stock valued at $71,584,000 after purchasing an additional 242,948 shares during the last quarter.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL stock opened at $36.65 on Friday. The firm has a 50-day moving average of $35.63 and a 200-day moving average of $35.47. The company has a market cap of $6.00 billion, a P/E ratio of 25.37 and a beta of 0.71. Capital Group Core Balanced ETF has a one year low of $30.30 and a one year high of $36.96.

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.