DAVENPORT & Co LLC Acquires 15,494 Shares of Capital Group Core Balanced ETF $CGBL

DAVENPORT & Co LLC lifted its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 32.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 62,680 shares of the company’s stock after buying an additional 15,494 shares during the period. DAVENPORT & Co LLC’s holdings in Capital Group Core Balanced ETF were worth $2,176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CGBL. Opal Wealth Advisors LLC boosted its holdings in Capital Group Core Balanced ETF by 106.9% in the 2nd quarter. Opal Wealth Advisors LLC now owns 1,372 shares of the company’s stock valued at $46,000 after purchasing an additional 709 shares during the period. Allworth Financial LP raised its position in shares of Capital Group Core Balanced ETF by 9.1% during the second quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock valued at $156,000 after buying an additional 390 shares during the last quarter. Financial Perspectives Inc lifted its stake in shares of Capital Group Core Balanced ETF by 225.9% in the second quarter. Financial Perspectives Inc now owns 5,821 shares of the company’s stock valued at $195,000 after buying an additional 4,035 shares during the period. Savvy Advisors Inc. acquired a new stake in Capital Group Core Balanced ETF during the second quarter worth about $203,000. Finally, M.E. Allison & CO. Inc. acquired a new stake in Capital Group Core Balanced ETF during the third quarter worth about $207,000.

Capital Group Core Balanced ETF Stock Down 0.6%

Capital Group Core Balanced ETF stock opened at $35.62 on Friday. The business has a 50 day moving average price of $35.02 and a two-hundred day moving average price of $34.35. Capital Group Core Balanced ETF has a 12 month low of $28.22 and a 12 month high of $35.83. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

Capital Group Core Balanced ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 26th will be paid a $0.2251 dividend. The ex-dividend date is Friday, December 26th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.5%.

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.