Cvfg LLC Boosts Stake in Capital Group Core Balanced ETF $CGBL

Cvfg LLC increased its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 16.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 143,479 shares of the company’s stock after purchasing an additional 20,196 shares during the quarter. Cvfg LLC owned 0.09% of Capital Group Core Balanced ETF worth $4,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CGBL. LPL Financial LLC lifted its stake in Capital Group Core Balanced ETF by 27.7% during the 4th quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock valued at $444,300,000 after acquiring an additional 2,726,819 shares during the period. Advance Capital Management Inc. boosted its holdings in shares of Capital Group Core Balanced ETF by 27.6% during the 1st quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock valued at $412,022,000 after acquiring an additional 2,588,189 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Capital Group Core Balanced ETF by 191.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock worth $163,300,000 after acquiring an additional 3,033,933 shares during the period. Morgan Stanley grew its stake in shares of Capital Group Core Balanced ETF by 17.0% in the fourth quarter. Morgan Stanley now owns 4,062,395 shares of the company’s stock worth $143,524,000 after acquiring an additional 590,373 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of Capital Group Core Balanced ETF by 40.1% in the fourth quarter. Cetera Investment Advisers now owns 3,325,254 shares of the company’s stock worth $117,481,000 after acquiring an additional 952,356 shares during the period.

Capital Group Core Balanced ETF Stock Down 1.0%

CGBL opened at $37.61 on Wednesday. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 25.37 and a beta of 0.68. The firm has a 50 day moving average price of $37.41 and a 200-day moving average price of $36.37. Capital Group Core Balanced ETF has a twelve month low of $33.25 and a twelve month high of $38.20.

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.