J. Derek Lewis & Associates Inc. Invests $40.50 Million in Capital Group Core Balanced ETF $CGBL

J. Derek Lewis & Associates Inc. purchased a new stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,146,334 shares of the company’s stock, valued at approximately $40,500,000. Capital Group Core Balanced ETF accounts for about 9.5% of J. Derek Lewis & Associates Inc.’s holdings, making the stock its largest holding. J. Derek Lewis & Associates Inc. owned approximately 0.85% of Capital Group Core Balanced ETF at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its stake in Capital Group Core Balanced ETF by 70.1% during the first quarter. NewEdge Advisors LLC now owns 33,942 shares of the company’s stock worth $1,052,000 after buying an additional 13,986 shares during the period. Jane Street Group LLC lifted its holdings in shares of Capital Group Core Balanced ETF by 25.4% in the 1st quarter. Jane Street Group LLC now owns 281,274 shares of the company’s stock worth $8,714,000 after acquiring an additional 57,029 shares during the last quarter. Creative Planning purchased a new position in shares of Capital Group Core Balanced ETF during the 2nd quarter worth about $218,000. JPMorgan Chase & Co. bought a new position in Capital Group Core Balanced ETF during the 2nd quarter valued at about $269,000. Finally, Diversify Wealth Management LLC grew its holdings in Capital Group Core Balanced ETF by 14.0% during the 2nd quarter. Diversify Wealth Management LLC now owns 11,911 shares of the company’s stock valued at $405,000 after purchasing an additional 1,467 shares during the last quarter.

Capital Group Core Balanced ETF Price Performance

Capital Group Core Balanced ETF stock opened at $38.06 on Friday. The firm has a market capitalization of $6.33 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 1-year low of $32.46 and a 1-year high of $38.20. The company’s 50-day moving average is $37.09 and its 200 day moving average is $36.15.

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.