Base Wealth Management LLC Decreases Position in Capital Group Core Balanced ETF $CGBL

Base Wealth Management LLC decreased its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 12.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 324,042 shares of the company’s stock after selling 44,147 shares during the period. Capital Group Core Balanced ETF comprises 6.4% of Base Wealth Management LLC’s portfolio, making the stock its 4th biggest position. Base Wealth Management LLC owned about 0.31% of Capital Group Core Balanced ETF worth $11,251,000 at the end of the most recent reporting period.

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

Capital Group Core Balanced ETF Stock Down 0.3%

Shares of NYSEARCA CGBL opened at $35.53 on Tuesday. Capital Group Core Balanced ETF has a 12-month low of $28.22 and a 12-month high of $35.83. The firm’s 50-day simple moving average is $35.03 and its 200 day simple moving average is $34.38. The company 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 business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.2251 per share. The ex-dividend date was 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 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.