Fifth Third Bancorp Acquires Shares of 97,078 Capital Group Core Balanced ETF $CGBL

Fifth Third Bancorp bought a new position in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) during the 1st quarter, HoldingsChannel.com reports. The fund bought 97,078 shares of the company’s stock, valued at approximately $3,340,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CGBL. Wells Fargo & Company MN grew its holdings 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 valued at $163,300,000 after acquiring an additional 3,033,933 shares in the last quarter. LPL Financial LLC increased its position in shares of Capital Group Core Balanced ETF by 27.7% during the fourth 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 last quarter. Advance Capital Management Inc. lifted its holdings in Capital Group Core Balanced ETF by 27.6% during the first quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock worth $412,022,000 after acquiring an additional 2,588,189 shares during the period. Aprio Wealth Management LLC bought a new stake in Capital Group Core Balanced ETF during the fourth quarter worth $63,960,000. Finally, J. Derek Lewis & Associates Inc. purchased a new position in Capital Group Core Balanced ETF in the fourth quarter worth $40,500,000.

Capital Group Core Balanced ETF Stock Performance

CGBL stock opened at $37.20 on Monday. The stock has a market cap of $6.99 billion, a P/E ratio of 25.37 and a beta of 0.68. The stock’s fifty day simple moving average is $37.52 and its two-hundred day simple moving average is $36.48. Capital Group Core Balanced ETF has a 1-year low of $33.25 and a 1-year high of $38.20.

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.