Capital Group Core Balanced ETF $CGBL Shares Acquired by Worth Asset Management LLC

Worth Asset Management LLC increased its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 6.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 209,524 shares of the company’s stock after purchasing an additional 13,200 shares during the period. Capital Group Core Balanced ETF accounts for approximately 2.5% of Worth Asset Management LLC’s holdings, making the stock its 6th largest position. Worth Asset Management LLC’s holdings in Capital Group Core Balanced ETF were worth $7,954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Westside Investment Management Inc. raised its stake in Capital Group Core Balanced ETF by 22.7% in the fourth quarter. Westside Investment Management Inc. now owns 146,270 shares of the company’s stock valued at $5,168,000 after buying an additional 27,075 shares during the period. Valmark Advisers Inc. boosted its stake in shares of Capital Group Core Balanced ETF by 28.7% during the 4th quarter. Valmark Advisers Inc. now owns 118,550 shares of the company’s stock worth $4,188,000 after acquiring an additional 26,424 shares during the period. CWM LLC increased its holdings in shares of Capital Group Core Balanced ETF by 5.7% during the 4th quarter. CWM LLC now owns 2,168,040 shares of the company’s stock worth $76,597,000 after acquiring an additional 117,287 shares during the last quarter. Clarity Wealth Advisors LLC increased its holdings in shares of Capital Group Core Balanced ETF by 39.0% during the 4th quarter. Clarity Wealth Advisors LLC now owns 206,693 shares of the company’s stock worth $7,302,000 after acquiring an additional 58,004 shares during the last quarter. Finally, World Investment Advisors increased its holdings in shares of Capital Group Core Balanced ETF by 57.9% during the 4th quarter. World Investment Advisors now owns 273,910 shares of the company’s stock worth $9,677,000 after acquiring an additional 100,405 shares during the last quarter.

Capital Group Core Balanced ETF Trading Up 0.6%

CGBL opened at $38.39 on Friday. The stock’s fifty day simple moving average is $37.59 and its 200 day simple moving average is $36.64. Capital Group Core Balanced ETF has a 1-year low of $33.56 and a 1-year high of $38.42. The stock has a market cap of $7.42 billion, a PE ratio of 25.37 and a beta of 0.69.

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.