D.A. Davidson & CO. Buys 57,423 Shares of Capital Group Core Balanced ETF $CGBL

D.A. Davidson & CO. boosted its stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 19.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,726 shares of the company’s stock after purchasing an additional 57,423 shares during the quarter. D.A. Davidson & CO. owned about 0.21% of Capital Group Core Balanced ETF worth $12,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of CGBL. Westside Investment Management Inc. grew its position 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 worth $5,168,000 after acquiring an additional 27,075 shares in the last quarter. Valmark Advisers Inc. increased 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 acquiring an additional 26,424 shares during the last quarter. CWM LLC raised its position in Capital Group Core Balanced ETF by 5.7% during 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. World Investment Advisors raised its position in Capital Group Core Balanced ETF by 57.9% during the fourth quarter. World Investment Advisors now owns 273,910 shares of the company’s stock valued at $9,677,000 after purchasing an additional 100,405 shares in the last quarter. Finally, Clarity Wealth Advisors LLC lifted its stake in Capital Group Core Balanced ETF by 39.0% during the fourth quarter. Clarity Wealth Advisors LLC now owns 206,693 shares of the company’s stock worth $7,302,000 after purchasing an additional 58,004 shares during the last quarter.

Capital Group Core Balanced ETF Trading Down 0.5%

CGBL opened at $37.40 on Friday. The stock has a 50-day moving average price of $37.52 and a 200-day moving average price of $36.46. 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 $7.01 billion, a P/E ratio of 25.37 and a beta of 0.68.

About Capital Group Core Balanced ETF

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.