Clarity Wealth Advisors LLC Boosts Position in Capital Group Core Balanced ETF $CGBL

Clarity Wealth Advisors LLC increased its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 39.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,689 shares of the company’s stock after purchasing an additional 42,121 shares during the period. Capital Group Core Balanced ETF makes up 1.1% of Clarity Wealth Advisors LLC’s holdings, making the stock its 28th biggest position. Clarity Wealth Advisors LLC’s holdings in Capital Group Core Balanced ETF were worth $5,162,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CGBL. Advance Capital Management Inc. increased its holdings in shares of Capital Group Core Balanced ETF by 242.6% during the 3rd quarter. Advance Capital Management Inc. now owns 9,275,964 shares of the company’s stock valued at $322,061,000 after purchasing an additional 6,568,560 shares in the last quarter. CWM LLC raised its position in shares of Capital Group Core Balanced ETF by 208.6% during the 2nd quarter. CWM LLC now owns 2,207,565 shares of the company’s stock worth $73,821,000 after purchasing an additional 1,492,252 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Capital Group Core Balanced ETF by 31.6% during the second quarter. Envestnet Asset Management Inc. now owns 4,140,219 shares of the company’s stock valued at $138,449,000 after acquiring an additional 993,022 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Capital Group Core Balanced ETF by 75.6% in the 2nd quarter. Raymond James Financial Inc. now owns 1,838,766 shares of the company’s stock valued at $61,488,000 after purchasing an additional 791,376 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Capital Group Core Balanced ETF in the second quarter worth about $12,843,000.

Capital Group Core Balanced ETF Price Performance

CGBL opened at $36.22 on Friday. Capital Group Core Balanced ETF has a 1-year low of $28.22 and a 1-year high of $36.24. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. The company’s 50 day simple moving average is $35.16 and its two-hundred day simple moving average is $34.55.

Capital Group Core Balanced ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a dividend of $0.2251 per share. The ex-dividend date was Friday, December 26th. This represents a $0.90 annualized dividend and a dividend yield of 2.5%. This is a boost from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

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.