DAVENPORT & Co LLC Has $3.15 Million Position in Capital Group Core Balanced ETF $CGBL

DAVENPORT & Co LLC lifted its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 42.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,010 shares of the company’s stock after acquiring an additional 26,330 shares during the period. DAVENPORT & Co LLC’s holdings in Capital Group Core Balanced ETF were worth $3,145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CGBL. NWF Advisory Services Inc. increased its holdings in Capital Group Core Balanced ETF by 1.7% in 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. Allworth Financial LP boosted its stake in Capital Group Core Balanced ETF by 6.7% during 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 in the last quarter. Balboa Wealth Partners increased its stake in Capital Group Core Balanced ETF by 2.3% in the third quarter. Balboa Wealth Partners now owns 15,065 shares of the company’s stock valued at $523,000 after purchasing an additional 342 shares in the last quarter. Carson Advisory Inc. increased its stake in Capital Group Core Balanced ETF by 3.8% in the third quarter. Carson Advisory Inc. now owns 13,575 shares of the company’s stock valued at $471,000 after purchasing an additional 500 shares in the last quarter. Finally, Bridgewealth Advisory Group LLC raised its holdings in shares of Capital Group Core Balanced ETF by 3.5% during the third quarter. Bridgewealth Advisory Group LLC now owns 17,209 shares of the company’s stock valued at $598,000 after purchasing an additional 578 shares during the period.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL opened at $33.82 on Friday. Capital Group Core Balanced ETF has a one year low of $28.22 and a one year high of $36.71. The company has a market cap of $4.57 billion, a PE ratio of 25.37 and a beta of 0.69. The stock has a 50-day moving average of $35.84 and a 200-day moving average of $35.36.

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.