Cvfg LLC Buys 14,341 Shares of Capital Group Core Balanced ETF $CGBL

Cvfg LLC boosted its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 13.8% in the third quarter, Holdings Channel reports. The fund owned 118,003 shares of the company’s stock after buying an additional 14,341 shares during the quarter. Capital Group Core Balanced ETF makes up about 3.0% of Cvfg LLC’s holdings, making the stock its 9th biggest holding. Cvfg LLC’s holdings in Capital Group Core Balanced ETF were worth $4,097,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP lifted its position in shares of 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 purchasing an additional 390 shares in the last quarter. M.E. Allison & CO. Inc. purchased a new stake in Capital Group Core Balanced ETF during the 3rd quarter worth $207,000. Savvy Advisors Inc. acquired a new position in Capital Group Core Balanced ETF in the 2nd quarter worth $203,000. Orion Porfolio Solutions LLC acquired a new position in Capital Group Core Balanced ETF in the 2nd quarter worth $214,000. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Capital Group Core Balanced ETF by 15.0% during the third quarter. TD Waterhouse Canada Inc. now owns 6,490 shares of the company’s stock valued at $226,000 after acquiring an additional 845 shares in the last quarter.

Capital Group Core Balanced ETF Stock Performance

Shares of NYSEARCA CGBL opened at $36.30 on Tuesday. Capital Group Core Balanced ETF has a 1 year low of $28.22 and a 1 year high of $36.63. The stock’s 50-day simple moving average is $36.00 and its 200-day simple moving average is $35.14. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69.

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 given a $0.2251 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, December 26th. This is a positive change from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

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.