Concurrent Investment Advisors LLC Acquires 50,481 Shares of Capital Group Core Balanced ETF $CGBL

Concurrent Investment Advisors LLC raised its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 8.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 623,389 shares of the company’s stock after purchasing an additional 50,481 shares during the period. Concurrent Investment Advisors LLC owned 0.32% of Capital Group Core Balanced ETF worth $23,664,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGBL. Burford Brothers Inc. lifted its holdings in Capital Group Core Balanced ETF by 2.7% in the 2nd quarter. Burford Brothers Inc. now owns 73,347 shares of the company’s stock worth $2,784,000 after buying an additional 1,928 shares during the period. High Net Worth Advisory Group LLC increased its stake in shares of Capital Group Core Balanced ETF by 4.4% during the second quarter. High Net Worth Advisory Group LLC now owns 330,840 shares of the company’s stock valued at $12,559,000 after buying an additional 13,855 shares during the period. Retireful LLC purchased a new position in shares of Capital Group Core Balanced ETF during the second quarter valued at approximately $285,000. Continuum Advisory LLC raised its holdings in shares of Capital Group Core Balanced ETF by 16.5% during the second quarter. Continuum Advisory LLC now owns 109,546 shares of the company’s stock valued at $4,158,000 after acquiring an additional 15,516 shares in the last quarter. Finally, Beacon Financial Advisory LLC raised its holdings in shares of Capital Group Core Balanced ETF by 3.1% during the second quarter. Beacon Financial Advisory LLC now owns 36,456 shares of the company’s stock valued at $1,384,000 after acquiring an additional 1,095 shares in the last quarter.

Capital Group Core Balanced ETF Stock Up 0.5%

Shares of CGBL stock opened at $38.15 on Friday. The stock has a fifty day moving average of $37.82 and a 200 day moving average of $36.91. Capital Group Core Balanced ETF has a 52 week low of $33.67 and a 52 week high of $38.68. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were issued a $0.1634 dividend. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, June 30th. This represents a $0.65 annualized dividend and a yield of 1.7%.

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.