Capital Group Core Balanced ETF $CGBL Holdings Increased by Advance Capital Management Inc.

Advance Capital Management Inc. lifted its holdings in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 27.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,973,900 shares of the company’s stock after purchasing an additional 2,588,189 shares during the quarter. Capital Group Core Balanced ETF accounts for about 15.6% of Advance Capital Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. Advance Capital Management Inc. owned 0.07% of Capital Group Core Balanced ETF worth $412,022,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CoreCap Advisors LLC increased its holdings in Capital Group Core Balanced ETF by 14,657.1% in the 4th quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock worth $36,000 after buying an additional 1,026 shares in the last quarter. US Bancorp DE lifted its stake in Capital Group Core Balanced ETF by 204.6% during the 3rd 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 during the period. Creative Financial Designs Inc. ADV lifted its stake in Capital Group Core Balanced ETF by 77.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock valued at $81,000 after acquiring an additional 1,006 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in shares of Capital Group Core Balanced ETF during the 4th quarter valued at about $84,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Capital Group Core Balanced ETF during the 4th quarter valued at about $86,000.

Capital Group Core Balanced ETF Stock Up 0.6%

Shares of CGBL stock opened at $37.98 on Tuesday. The company has a 50 day moving average price of $37.37 and a 200-day moving average price of $36.33. Capital Group Core Balanced ETF has a 52 week low of $33.25 and a 52 week high of $38.20. The firm has a market capitalization of $7.00 billion, a PE ratio of 25.37 and a beta of 0.68.

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.