Base Wealth Management LLC Has $12.03 Million Stock Position in Capital Group Core Balanced ETF $CGBL

Base Wealth Management LLC raised its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 340,480 shares of the company’s stock after buying an additional 16,438 shares during the period. Capital Group Core Balanced ETF makes up 6.5% of Base Wealth Management LLC’s portfolio, making the stock its 4th biggest position. Base Wealth Management LLC’s holdings in Capital Group Core Balanced ETF were worth $12,029,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGBL. Advance Capital Management Inc. lifted its stake in shares of Capital Group Core Balanced ETF by 1.2% in the 4th quarter. Advance Capital Management Inc. now owns 9,385,711 shares of the company’s stock worth $331,597,000 after acquiring an additional 109,747 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Capital Group Core Balanced ETF by 31.6% during the third quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock valued at $189,156,000 after acquiring an additional 1,307,832 shares during the period. Raymond James Financial Inc. increased its stake in shares of Capital Group Core Balanced ETF by 20.2% during the third quarter. Raymond James Financial Inc. now owns 2,209,899 shares of the company’s stock valued at $76,728,000 after acquiring an additional 371,133 shares during the period. Commonwealth Equity Services LLC raised its holdings in Capital Group Core Balanced ETF by 13.4% during the third quarter. Commonwealth Equity Services LLC now owns 2,061,754 shares of the company’s stock worth $71,584,000 after purchasing an additional 242,948 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Capital Group Core Balanced ETF by 4.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,029,102 shares of the company’s stock worth $73,129,000 after purchasing an additional 91,205 shares in the last quarter.

Capital Group Core Balanced ETF Price Performance

CGBL opened at $34.60 on Monday. The business has a 50 day moving average price of $35.66 and a two-hundred day moving average price of $35.35. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 1-year low of $28.22 and a 1-year high of $36.71.

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.