Capital Group Core Balanced ETF $CGBL Shares Acquired by Assetmark Inc.

Assetmark Inc. lifted its stake in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 37.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 310,622 shares of the company’s stock after buying an additional 85,448 shares during the quarter. Assetmark Inc.’s holdings in Capital Group Core Balanced ETF were worth $10,689,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in Capital Group Core Balanced ETF by 70.1% during the first quarter. NewEdge Advisors LLC now owns 33,942 shares of the company’s stock worth $1,052,000 after purchasing an additional 13,986 shares during the last quarter. Jane Street Group LLC boosted its holdings in Capital Group Core Balanced ETF by 25.4% in the first quarter. Jane Street Group LLC now owns 281,274 shares of the company’s stock worth $8,714,000 after purchasing an additional 57,029 shares during the period. Creative Planning bought a new stake in Capital Group Core Balanced ETF during the second quarter valued at $218,000. JPMorgan Chase & Co. bought a new stake in Capital Group Core Balanced ETF during the second quarter valued at $269,000. Finally, Diversify Wealth Management LLC raised its holdings in shares of Capital Group Core Balanced ETF by 14.0% during the second quarter. Diversify Wealth Management LLC now owns 11,911 shares of the company’s stock worth $405,000 after purchasing an additional 1,467 shares during the period.

Capital Group Core Balanced ETF Stock Performance

Capital Group Core Balanced ETF stock opened at $37.13 on Tuesday. The firm’s 50-day moving average is $37.51 and its 200-day moving average is $36.49. Capital Group Core Balanced ETF has a 1 year low of $33.25 and a 1 year high of $38.20. The company has a market cap of $7.00 billion, a P/E 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.