Carson Advisory Inc. Purchases 19,705 Shares of Capital Group Core Balanced ETF $CGBL

Carson Advisory Inc. boosted its position in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 38.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,717 shares of the company’s stock after acquiring an additional 19,705 shares during the quarter. Capital Group Core Balanced ETF accounts for 1.2% of Carson Advisory Inc.’s holdings, making the stock its 21st largest holding. Carson Advisory Inc.’s holdings in Capital Group Core Balanced ETF were worth $2,599,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers lifted its stake in Capital Group Core Balanced ETF by 21.8% during the first quarter. Cetera Investment Advisers now owns 4,048,725 shares of the company’s stock worth $139,317,000 after purchasing an additional 723,471 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Capital Group Core Balanced ETF by 12.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,910,516 shares of the company’s stock valued at $143,711,000 after purchasing an additional 426,969 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Capital Group Core Balanced ETF by 16.2% in the 1st quarter. Royal Bank of Canada now owns 2,335,514 shares of the company’s stock valued at $80,364,000 after purchasing an additional 326,314 shares during the last quarter. Hopwood Nicholas Hunter acquired a new position in shares of Capital Group Core Balanced ETF during the 2nd quarter worth $10,958,000. Finally, Gateway Wealth Partners LLC raised its holdings in shares of Capital Group Core Balanced ETF by 442.2% during the 1st quarter. Gateway Wealth Partners LLC now owns 350,388 shares of the company’s stock worth $12,057,000 after buying an additional 285,763 shares in the last quarter.

Capital Group Core Balanced ETF Stock Down 0.2%

Shares of CGBL stock opened at $36.95 on Friday. Capital Group Core Balanced ETF has a twelve month low of $33.67 and a twelve month high of $38.68. The company has a market cap of $8.00 billion, a P/E ratio of 25.37 and a beta of 0.70. The business has a fifty day simple moving average of $37.13 and a 200 day simple moving average of $36.92.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were paid 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 2.2%.

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.