IFP Advisors Inc Grows Holdings in Capital Group Core Balanced ETF $CGBL

IFP Advisors Inc raised its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 347,015 shares of the company’s stock after buying an additional 18,166 shares during the period. IFP Advisors Inc owned about 0.18% of Capital Group Core Balanced ETF worth $13,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. LPL Financial LLC boosted its holdings in shares of Capital Group Core Balanced ETF by 27.7% in the 4th quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock worth $444,300,000 after purchasing an additional 2,726,819 shares in the last quarter. Advance Capital Management Inc. raised its holdings in shares of Capital Group Core Balanced ETF by 27.6% during the 1st quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock valued at $412,022,000 after buying an additional 2,588,189 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Capital Group Core Balanced ETF by 191.0% during the 4th quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock valued at $163,300,000 after buying an additional 3,033,933 shares in the last quarter. Morgan Stanley lifted its position in Capital Group Core Balanced ETF by 17.0% in the 4th quarter. Morgan Stanley now owns 4,062,395 shares of the company’s stock worth $143,524,000 after buying an additional 590,373 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in Capital Group Core Balanced ETF by 21.8% in the 1st quarter. Cetera Investment Advisers now owns 4,048,725 shares of the company’s stock worth $139,317,000 after buying an additional 723,471 shares during the last quarter.

Capital Group Core Balanced ETF Stock Performance

CGBL stock opened at $38.04 on Wednesday. The company has a market capitalization of $7.35 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a one year low of $33.67 and a one year high of $38.68. The company’s 50 day moving average price is $37.84 and its two-hundred day moving average price is $36.95.

Capital Group Core Balanced ETF Increases Dividend

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

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.