Capital Group Core Balanced ETF $CGBL Shares Purchased by Capital Management Associates Inc

Capital Management Associates Inc increased its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 18.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 221,459 shares of the company’s stock after purchasing an additional 35,270 shares during the period. Capital Group Core Balanced ETF makes up approximately 2.1% of Capital Management Associates Inc’s investment portfolio, making the stock its 11th largest position. Capital Management Associates Inc’s holdings in Capital Group Core Balanced ETF were worth $7,689,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NWF Advisory Services Inc. lifted its stake in Capital Group Core Balanced ETF by 1.7% during the second quarter. NWF Advisory Services Inc. now owns 18,124 shares of the company’s stock worth $606,000 after purchasing an additional 309 shares in the last quarter. Vermillion & White Wealth Management Group LLC raised its holdings in shares of Capital Group Core Balanced ETF by 4.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 8,120 shares of the company’s stock valued at $272,000 after buying an additional 319 shares during the period. Allworth Financial LP lifted its stake in Capital Group Core Balanced ETF by 9.1% during the 2nd quarter. Allworth Financial LP now owns 4,666 shares of the company’s stock worth $156,000 after acquiring an additional 390 shares in the last quarter. tru Independence LLC lifted its stake in Capital Group Core Balanced ETF by 7.8% during the 2nd quarter. tru Independence LLC now owns 8,370 shares of the company’s stock worth $280,000 after acquiring an additional 609 shares in the last quarter. Finally, Opal Wealth Advisors LLC boosted its holdings 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 valued at $46,000 after acquiring an additional 709 shares during the period.

Capital Group Core Balanced ETF Price Performance

NYSEARCA CGBL opened at $35.78 on Tuesday. The company has a market cap of $4.47 billion, a P/E ratio of 25.37 and a beta of 0.69. The stock has a 50-day moving average of $35.08 and a two-hundred day moving average of $34.48. 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 firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a dividend of $0.2251 per share. This represents a $0.90 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, December 26th. This is an increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

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.