HighTower Advisors LLC Boosts Stock Holdings in Capital Group Core Balanced ETF $CGBL

HighTower Advisors LLC raised its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 9.9% in the third quarter, Holdings Channel.com reports. The fund owned 202,746 shares of the company’s stock after acquiring an additional 18,332 shares during the quarter. HighTower Advisors LLC’s holdings in Capital Group Core Balanced ETF were worth $7,039,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Creekside Partners increased its position in shares of Capital Group Core Balanced ETF by 230.6% during the third quarter. Creekside Partners now owns 41,185 shares of the company’s stock worth $1,430,000 after purchasing an additional 28,729 shares in the last quarter. Capital Management Associates Inc lifted its holdings in Capital Group Core Balanced ETF by 18.9% in the 3rd quarter. Capital Management Associates Inc now owns 221,459 shares of the company’s stock valued at $7,689,000 after purchasing an additional 35,270 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in Capital Group Core Balanced ETF by 32.8% during the 3rd quarter. DAVENPORT & Co LLC now owns 62,680 shares of the company’s stock worth $2,176,000 after purchasing an additional 15,494 shares during the last quarter. Stephens Inc. AR purchased a new stake in shares of Capital Group Core Balanced ETF during the second quarter worth $391,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Capital Group Core Balanced ETF during the second quarter worth $12,843,000.

Capital Group Core Balanced ETF Stock Up 0.7%

Shares of NYSEARCA CGBL opened at $36.55 on Monday. The firm has a 50-day simple moving average of $35.98 and a 200-day simple moving average of $35.12. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 52 week low of $28.22 and a 52 week high of $36.63.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a $0.2251 dividend. 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 was Friday, December 26th. This represents a $0.90 dividend on an annualized basis and a 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.