Capital Group Core Balanced ETF $CGBL Holdings Lifted by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management increased its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,671 shares of the company’s stock after buying an additional 17,182 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned 0.09% of Capital Group Core Balanced ETF worth $4,369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Westside Investment Management Inc. grew its stake in Capital Group Core Balanced ETF by 22.7% in the fourth quarter. Westside Investment Management Inc. now owns 146,270 shares of the company’s stock valued at $5,168,000 after purchasing an additional 27,075 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its stake in Capital Group Core Balanced ETF by 155.5% in the third quarter. Focus Partners Advisor Solutions LLC now owns 41,249 shares of the company’s stock valued at $1,437,000 after purchasing an additional 25,105 shares in the last quarter. Valmark Advisers Inc. grew its stake in Capital Group Core Balanced ETF by 28.7% in the fourth quarter. Valmark Advisers Inc. now owns 118,550 shares of the company’s stock valued at $4,188,000 after purchasing an additional 26,424 shares in the last quarter. Bleakley Financial Group LLC grew its stake in Capital Group Core Balanced ETF by 37.3% in the third quarter. Bleakley Financial Group LLC now owns 129,953 shares of the company’s stock valued at $4,512,000 after purchasing an additional 35,271 shares in the last quarter. Finally, CWM LLC grew its stake in Capital Group Core Balanced ETF by 5.7% in the fourth quarter. CWM LLC now owns 2,168,040 shares of the company’s stock valued at $76,597,000 after purchasing an additional 117,287 shares in the last quarter.

Capital Group Core Balanced ETF Price Performance

Shares of NYSEARCA CGBL opened at $37.50 on Friday. The company has a market capitalization of $6.24 billion, a P/E ratio of 25.37 and a beta of 0.69. The business’s 50-day moving average price is $36.79 and its two-hundred day moving average price is $36.05. Capital Group Core Balanced ETF has a one year low of $32.46 and a one year high of $38.05.

Capital Group Core Balanced ETF Company 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.