OakTrust Wealth Advisors LLC Invests $986,000 in Capital Group Core Balanced ETF $CGBL

OakTrust Wealth Advisors LLC acquired a new position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 27,895 shares of the company’s stock, valued at approximately $986,000. Capital Group Core Balanced ETF comprises approximately 0.9% of OakTrust Wealth Advisors LLC’s holdings, making the stock its 20th biggest position.

A number of other institutional investors have also recently bought and sold shares of CGBL. Kestra Investment Management LLC grew its stake in Capital Group Core Balanced ETF by 1.1% in 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 in the last quarter. Vermillion & White Wealth Management Group LLC raised its stake in shares of Capital Group Core Balanced ETF by 3.3% during 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 in the last quarter. Allworth Financial LP lifted its holdings in shares of Capital Group Core Balanced ETF by 6.7% during the 3rd quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock valued at $173,000 after buying an additional 311 shares during the last quarter. Beacon Financial Advisory LLC lifted its holdings in shares of Capital Group Core Balanced ETF by 0.8% during the 4th quarter. Beacon Financial Advisory LLC now owns 43,297 shares of the company’s stock valued at $1,530,000 after buying an additional 337 shares during the last quarter. Finally, High Falls Advisors Inc lifted its holdings in shares of Capital Group Core Balanced ETF by 4.5% during the 4th quarter. High Falls Advisors Inc now owns 10,064 shares of the company’s stock valued at $356,000 after buying an additional 429 shares during the last quarter.

Capital Group Core Balanced ETF Stock Performance

Shares of NYSEARCA CGBL opened at $38.06 on Friday. The business has a 50 day simple moving average of $37.04 and a 200 day simple moving average of $36.14. Capital Group Core Balanced ETF has a 52 week low of $32.46 and a 52 week high of $38.20. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

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.