Capital Group Core Balanced ETF $CGBL is Advance Capital Management Inc.’s 3rd Largest Position

Advance Capital Management Inc. lifted its position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 1.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,385,711 shares of the company’s stock after acquiring an additional 109,747 shares during the quarter. Capital Group Core Balanced ETF makes up approximately 14.1% of Advance Capital Management Inc.’s portfolio, making the stock its 3rd biggest position. Advance Capital Management Inc. owned approximately 0.08% of Capital Group Core Balanced ETF worth $331,597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. US Bancorp DE raised its holdings in shares of Capital Group Core Balanced ETF by 204.6% in the third quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after acquiring an additional 1,105 shares in the last quarter. Allworth Financial LP lifted its stake in Capital Group Core Balanced ETF by 6.7% in the third quarter. Allworth Financial LP now owns 4,977 shares of the company’s stock worth $173,000 after acquiring an additional 311 shares during the period. M.E. Allison & CO. Inc. bought a new position in Capital Group Core Balanced ETF during the 3rd quarter worth about $207,000. IFG Advisory LLC bought a new position in Capital Group Core Balanced ETF during the 3rd quarter worth about $218,000. Finally, Orion Porfolio Solutions LLC purchased a new position in Capital Group Core Balanced ETF during the 2nd quarter valued at about $214,000.

Capital Group Core Balanced ETF Stock Performance

NYSEARCA:CGBL opened at $34.73 on Friday. Capital Group Core Balanced ETF has a one year low of $28.22 and a one year high of $36.71. The firm has a market cap of $4.69 billion, a P/E ratio of 25.37 and a beta of 0.69. The firm has a 50-day simple moving average of $36.07 and a 200-day simple moving average of $35.35.

Capital Group Core Balanced ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a dividend of $0.2251 per share. 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. This represents a $0.90 annualized dividend and a yield of 2.6%.

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.