Capital Group Core Balanced ETF $CGBL Shares Bought by Clg LLC

Clg LLC grew its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 24.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 204,440 shares of the company’s stock after buying an additional 40,089 shares during the quarter. Capital Group Core Balanced ETF makes up 1.7% of Clg LLC’s holdings, making the stock its 13th biggest holding. Clg LLC’s holdings in Capital Group Core Balanced ETF were worth $7,035,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN raised its position in shares of Capital Group Core Balanced ETF by 191.0% in the 4th quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock worth $163,300,000 after buying an additional 3,033,933 shares during the period. LPL Financial LLC grew its position in Capital Group Core Balanced ETF by 27.7% during the fourth quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock valued at $444,300,000 after acquiring an additional 2,726,819 shares during the period. Advance Capital Management Inc. increased its stake in Capital Group Core Balanced ETF by 27.6% during the first quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock worth $412,022,000 after acquiring an additional 2,588,189 shares during the last quarter. Aprio Wealth Management LLC acquired a new stake in Capital Group Core Balanced ETF during the fourth quarter worth about $63,960,000. Finally, J. Derek Lewis & Associates Inc. purchased a new position in shares of Capital Group Core Balanced ETF in the 4th quarter worth about $40,500,000.

Capital Group Core Balanced ETF Price Performance

Capital Group Core Balanced ETF stock opened at $37.20 on Friday. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 25.37 and a beta of 0.68. Capital Group Core Balanced ETF has a 12 month low of $33.25 and a 12 month high of $38.20. The stock’s 50-day moving average is $37.51 and its 200-day moving average is $36.53.

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.