426,969 Capital Group Core Balanced ETF $CGBL Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 12.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,910,516 shares of the company’s stock after acquiring an additional 426,969 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Capital Group Core Balanced ETF were worth $143,711,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CGBL. Parkside Financial Bank & Trust acquired a new position in Capital Group Core Balanced ETF during the 2nd quarter valued at about $33,000. Anchor Investment Management LLC acquired a new stake in shares of Capital Group Core Balanced ETF in the 1st quarter worth approximately $43,000. North Star Investment Management Corp. acquired a new stake in shares of Capital Group Core Balanced ETF in the 3rd quarter worth approximately $74,000. CX Institutional acquired a new stake in shares of Capital Group Core Balanced ETF in the 3rd quarter worth approximately $78,000. Finally, CoreCap Advisors LLC boosted its holdings in shares of Capital Group Core Balanced ETF by 130.9% in the third quarter. CoreCap Advisors LLC now owns 2,122 shares of the company’s stock valued at $78,000 after acquiring an additional 1,203 shares in the last quarter.

Capital Group Core Balanced ETF Price Performance

Capital Group Core Balanced ETF stock opened at $36.41 on Friday. The firm has a 50 day simple moving average of $37.26 and a 200-day simple moving average of $36.90. The stock has a market capitalization of $7.81 billion, a PE ratio of 25.37 and a beta of 0.70. Capital Group Core Balanced ETF has a 12-month low of $33.67 and a 12-month high of $38.68.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were issued a dividend of $0.2056 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.1634. This represents a $0.82 annualized dividend and a yield of 2.3%.

Capital Group Core Balanced ETF Company 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.