HBW Advisory Services LLC Boosts Stake in Capital Group Core Balanced ETF $CGBL

HBW Advisory Services LLC boosted its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 113.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,074 shares of the company’s stock after acquiring an additional 21,319 shares during the quarter. HBW Advisory Services LLC’s holdings in Capital Group Core Balanced ETF were worth $1,391,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in CGBL. Opal Wealth Advisors LLC lifted its stake in shares of Capital Group Core Balanced ETF by 106.9% in the second 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 grew its position in 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 worth $156,000 after buying an additional 390 shares during the period. Financial Perspectives Inc increased its holdings in 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 in the last quarter. M.E. Allison & CO. Inc. acquired a new stake in shares of Capital Group Core Balanced ETF during the 3rd quarter valued at approximately $207,000. Finally, Savvy Advisors Inc. purchased a new stake in shares of Capital Group Core Balanced ETF during the 2nd quarter worth approximately $203,000.

Capital Group Core Balanced ETF Price Performance

CGBL opened at $35.62 on Friday. The stock has a market cap of $3.86 billion, a P/E ratio of 25.37 and a beta of 0.69. The stock’s 50 day simple moving average is $35.02 and its 200 day simple moving average is $34.35. Capital Group Core Balanced ETF has a 1-year low of $28.22 and a 1-year high of $35.83.

Capital Group Core Balanced ETF Increases Dividend

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

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.