Essex Financial Services Inc. Acquires 28,715 Shares of Capital Group Core Balanced ETF $CGBL

Essex Financial Services Inc. boosted its holdings in shares of Capital Group Core Balanced ETF (NYSEARCA:CGBL) by 21.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 163,619 shares of the company’s stock after buying an additional 28,715 shares during the quarter. Essex Financial Services Inc. owned approximately 0.12% of Capital Group Core Balanced ETF worth $5,781,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Advance Capital Management Inc. boosted its position in shares of Capital Group Core Balanced ETF by 1.2% in the fourth quarter. Advance Capital Management Inc. now owns 9,385,711 shares of the company’s stock worth $331,597,000 after purchasing an additional 109,747 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Capital Group Core Balanced ETF by 31.6% in the third quarter. Envestnet Asset Management Inc. now owns 5,448,051 shares of the company’s stock worth $189,156,000 after purchasing an additional 1,307,832 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Capital Group Core Balanced ETF by 17.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 2,252,009 shares of the company’s stock worth $79,563,000 after purchasing an additional 330,471 shares during the period. Raymond James Financial Inc. boosted its position in shares of Capital Group Core Balanced ETF by 20.2% in the third quarter. Raymond James Financial Inc. now owns 2,209,899 shares of the company’s stock worth $76,728,000 after purchasing an additional 371,133 shares during the period. Finally, CWM LLC boosted its position in shares of Capital Group Core Balanced ETF by 5.7% in the fourth quarter. CWM LLC now owns 2,168,040 shares of the company’s stock worth $76,597,000 after purchasing an additional 117,287 shares during the period.

Capital Group Core Balanced ETF Price Performance

CGBL opened at $37.84 on Friday. The firm has a market cap of $6.30 billion, a P/E ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 1-year low of $31.97 and a 1-year high of $37.90. The company has a 50 day simple moving average of $36.17 and a two-hundred day simple moving average of $35.85.

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.