Waverly Advisors LLC Makes New Investment in Capital Group Core Balanced ETF $CGBL

Waverly Advisors LLC acquired a new stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 98,234 shares of the company’s stock, valued at approximately $3,729,000.

A number of other institutional investors also recently modified their holdings of the stock. Kestra Investment Management LLC grew its stake in shares of Capital Group Core Balanced ETF by 1.1% during the fourth quarter. Kestra Investment Management LLC now owns 25,411 shares of the company’s stock valued at $898,000 after purchasing an additional 276 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its position in Capital Group Core Balanced ETF by 3.3% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 9,004 shares of the company’s stock worth $318,000 after purchasing an additional 286 shares during the last quarter. Beacon Financial Advisory LLC raised its position in Capital Group Core Balanced ETF by 0.8% in the 4th quarter. Beacon Financial Advisory LLC now owns 43,297 shares of the company’s stock worth $1,530,000 after purchasing an additional 337 shares during the last quarter. Simplicity Wealth LLC lifted its holdings in Capital Group Core Balanced ETF by 4.4% during the 1st quarter. Simplicity Wealth LLC now owns 8,718 shares of the company’s stock worth $300,000 after buying an additional 367 shares in the last quarter. Finally, Harmony Asset Management LLC lifted its holdings in Capital Group Core Balanced ETF by 7.0% during the 1st quarter. Harmony Asset Management LLC now owns 6,333 shares of the company’s stock worth $218,000 after buying an additional 414 shares in the last quarter.

Capital Group Core Balanced ETF Stock Performance

Shares of CGBL opened at $37.63 on Friday. The business’s fifty day moving average price is $37.83 and its two-hundred day moving average price is $36.97. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 52 week low of $33.67 and a 52 week high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

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

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.