14,773 Shares in Capital Group Core Balanced ETF $CGBL Bought by 44 Wealth Management LLC

44 Wealth Management LLC acquired a new stake in Capital Group Core Balanced ETF (NYSEARCA:CGBL) in the first quarter, Holdings Channel reports. The institutional investor acquired 14,773 shares of the company’s stock, valued at approximately $508,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC grew its holdings in shares of Capital Group Core Balanced ETF by 1.1% in the 4th quarter. Kestra Investment Management LLC now owns 25,411 shares of the company’s stock valued at $898,000 after buying an additional 276 shares during the period. Vermillion & White Wealth Management Group LLC grew its stake in shares of Capital Group Core Balanced ETF by 3.3% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 9,004 shares of the company’s stock worth $318,000 after acquiring an additional 286 shares in the last quarter. Beacon Financial Advisory LLC increased its stake in Capital Group Core Balanced ETF by 0.8% in the 4th quarter. Beacon Financial Advisory LLC now owns 43,297 shares of the company’s stock valued at $1,530,000 after buying an additional 337 shares during the last quarter. Simplicity Wealth LLC increased its position in shares of Capital Group Core Balanced ETF by 4.4% in the first quarter. Simplicity Wealth LLC now owns 8,718 shares of the company’s stock valued at $300,000 after acquiring an additional 367 shares during the last quarter. Finally, Harmony Asset Management LLC increased its position in shares of Capital Group Core Balanced ETF by 7.0% during the 1st quarter. Harmony Asset Management LLC now owns 6,333 shares of the company’s stock worth $218,000 after purchasing an additional 414 shares during the last quarter.

Capital Group Core Balanced ETF Stock Performance

NYSEARCA CGBL opened at $37.16 on Monday. The firm’s fifty day moving average price is $37.51 and its two-hundred day moving average price is $36.54. The firm has a market capitalization of $7.06 billion, a P/E ratio of 25.37 and a beta of 0.68. Capital Group Core Balanced ETF has a 1 year low of $33.25 and a 1 year 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.