Rockefeller Capital Management L.P. Grows Stock Position in Capital Group Core Balanced ETF $CGBL

Rockefeller Capital Management L.P. boosted its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 139.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,296 shares of the company’s stock after acquiring an additional 51,396 shares during the period. Rockefeller Capital Management L.P. owned 0.07% of Capital Group Core Balanced ETF worth $3,120,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. LPL Financial LLC raised its position in Capital Group Core Balanced ETF by 27.7% in the fourth quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock valued at $444,300,000 after purchasing an additional 2,726,819 shares during the period. Advance Capital Management Inc. grew its holdings in shares of Capital Group Core Balanced ETF by 1.2% during the 4th quarter. Advance Capital Management Inc. now owns 9,385,711 shares of the company’s stock worth $331,597,000 after purchasing an additional 109,747 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Capital Group Core Balanced ETF by 191.0% during the 4th quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock worth $163,300,000 after purchasing an additional 3,033,933 shares during the period. Morgan Stanley increased its position in shares of Capital Group Core Balanced ETF by 17.0% during the 4th quarter. Morgan Stanley now owns 4,062,395 shares of the company’s stock worth $143,524,000 after purchasing an additional 590,373 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Capital Group Core Balanced ETF by 40.1% during the 4th quarter. Cetera Investment Advisers now owns 3,325,254 shares of the company’s stock worth $117,481,000 after purchasing an additional 952,356 shares during the last quarter.

Capital Group Core Balanced ETF Price Performance

NYSEARCA CGBL opened at $37.61 on Monday. The firm’s 50-day moving average is $37.25 and its two-hundred day moving average is $36.25. Capital Group Core Balanced ETF has a 12 month low of $33.25 and a 12 month high of $38.20. The stock has a market capitalization of $6.26 billion, a P/E ratio of 25.37 and a beta of 0.69.

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.